Shares in the Google parent have jumped more than 30% from a September low, with a chunk of those gains coming after news about the capabilities of its quantum computer, which runs on its Willow chip.
Quantum computing has provided a positive narrative amid worries about Alphabet falling behind AI-focused rivals like OpenAI and fears about antitrust risk, helping the stock re-establish itself as a megacap outperformer. It's now among the top 20 Nasdaq 100 stocks this year.
This story is from the December 19, 2024 edition of Mint Ahmedabad.
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This story is from the December 19, 2024 edition of Mint Ahmedabad.
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