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Alphabet’s AI Advances Could Add $3 Trillion in Market Cap by 2030
Alphabet’s AI Advances Could Add $3 Trillion in Market Cap by 2030
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BTCCSquare news:
Alphabet Inc. has surged nearly 20% in September following a favorable antitrust ruling, propelling its market capitalization past $3 trillion. The company's stock, trading at 25 times earnings, remains competitively priced among AI-focused peers.
Generative AI innovations like Gemini are expected to enhance Alphabet's core assets, including Google Search. The rapid deployment of AI Overviews in 2024 demonstrates the company's accelerated pace of innovation since ChatGPT's emergence in late 2022.
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