Why Alphabet Stock Popped Today
Alphabet might remain free cash flow positive in 2026 -- but what about 2027?
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock jumped 5.1% through 12:55 p.m. ET Monday after analysts at Morgan Stanley reassured investors about the company's prospects amid record levels of investment in AI infrastructure.
Image source: Alphabet.
Alphabet reported strong earnings last week, beating expectations with profits of $9.11 per share -- triple what analysts expected. Surprisingly, Alphabet stock sold off after the report and, in fact, continued to trade below its pre-earnings price all the way through Friday.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.