Alphabet has an Nvidia-like business inside it. It could be the most valuable part of the internet search giant. Some investors might not know that Alphabet has an AI chip business among its many segments.
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Quantum computing stocks have seen quite a run-up in recent months, but determining which companies are leading the charge can be tough to navigate.
Chinese startup DeepSeek published a research paper in which it claimed to have trained a large language model rivaling the performance of leading U.S. models, while spending much less money than U.S.
In an unexpected market shift, NVIDIA Corporation witnessed a dramatic 17% plunge in its stock price on Monday, marking an unprecedented loss of $560B
Nvidia stock shed 17% on Monday and erased $589 billion from its market cap, the worst single-day loss of market value ever, amid panic over DeepSeek.
Alphabet also remains a popular pick among hedge fund managers. According to Insider Monkey data, 202 hedge fund investors have increased their positions in the company. Investors are particularly drawn to Google Cloud, which continues to grow at a 35% year-on-year rate, generating $11.4bn in quarterly revenue.
NVIDIA, the world's most valuable company until Monday, lost $600 billion of market value in a single day, the biggest in US stock history.
DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.
Nvidia shares fell as much as 6.9% in New York after Bloomberg reported the news, extending a rocky week for the chipmaker.
One analyst says Alphabet has great chips, but doesn’t seem to be doing enough to pursue the massive market opportunity in AI hardware.