<p>This Friday, Alphabet, Google's parent company, saw its stock price close above $200 for the first time after adjusting for the stock split, reaching $200.21. This marks a 1.1% increase for the day and a 6% rise year-to-date, outperforming the Nasdaq's 3.3% gain. Despite facing competition from OpenAI and regulatory hurdles, Alphabet's stock performance reflects investor optimism regarding its advancements in the field of artificial intelligence. Analysts remain confident in Alphabet's AI leadership, citing progress in initiatives such as Project Astra, Project Mariner, and the Gemini 2.0 language model set to launch in 2024. In the third quarter of 2024, Alphabet reported a 15% year-over-year revenue increase, with total sales reaching $88.30 billion, marking a record high for cloud revenue. (TechinAsia)</p>

Odaily Planet Daily reports that this Friday, Alphabet, Google's parent company, closed above $200 for the first time after the stock split adjustment, reaching $200.21. This marks a 1.1% increase on the day and a 6% increase year-to-date, surpassing the Nasdaq's 3.3% rise.

Despite facing competition from OpenAI and regulatory hurdles, Alphabet's stock performance reflects investors' optimism regarding its advancements in the field of artificial intelligence. Analysts remain confident in Alphabet's AI leadership, citing progress in initiatives such as Project Astra, Project Mariner, and the upcoming Gemini 2.0 language model set to launch in 2024.

In the third quarter of 2024, Alphabet reported a 15% year-over-year revenue growth, with total sales reaching $88.30 billion, where cloud revenue hit a record high. (TechinAsia)

Alphabet, the parent company of Google, has closed above $200 for the first time after its stock split adjustment. Analysts remain optimistic about its dominant position in the AI sector.