13.12.2024 19:51:56

Why Alphabet Rallied This Week

Shares of search giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) rallied this week, up as much as 10.1% on Thursday before retreating to 9.2% gain on the week as of 1 p.m. ET Friday, according to data from S&P Global Market Intelligence.That's a big move for a company as big as Alphabet that didn't report any financial results. But the search giant unveiled several positive bits of news on the technology front this week.On Monday, Alphabet published a blog post about the company's new quantum computing chip named Willow. According to Alphabet, the new chip was able to perform a calculation in five minutes that would take today's fastest supercomputers more time than the universe has been in existence.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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