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Alphabet Hits $3 Trillion Market Cap Amid AI-Driven Rally
Alphabet Hits $3 Trillion Market Cap Amid AI-Driven Rally
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BTCCSquare news:
Alphabet Inc. shares surged 3% in early trading, propelling the tech giant to a historic $3 trillion market valuation. The rally follows Citi's bullish price target revision to $280, citing accelerated AI product deployment and regulatory tailwinds.
Google's parent company has more than doubled its capital expenditures to $67 billion over the past year, with massive investments in AI infrastructure like chips and data centers. This spending spree coincides with the company's push to integrate its Gemini AI across advertising and cloud platforms.
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