Shares of Alphabet surged over 5% to an all-time high as the company unveiled its latest artificial intelligence model Gemini 2.0, while U.S. President-elect Donald Trump named Andrew Ferguson as the new leader of the Federal Trade Commission.
The move has raised hopes for a friendlier stance from the FTC towards Big Tech companies, which have faced regulatory pressure under current chair Lina Khan. Analysts say Alphabet’s innovative spirit remains strong, despite some practical applications being years away.
In related news, Alphabet showcased its new quantum computing chip Willow, with Bank of America analysts noting that it demonstrates the company’s leadership in technology innovation. The analysts maintain a “buy” rating and $210 price target, representing a 7% premium to Wednesday’s closing price.
Source: https://www.investopedia.com/google-parent-alphabet-stock-soars-to-all-time-high-8760015