Alphabet CEO Sundar Pichai Just Made a Major Decision Affecting Nvidia and Broadcom Investors
Alphabet just raised capital and reaffirms guidance again.
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is a major player in the artificial intelligence (AI) race. It's the largest of the four hyperscalers, and when it makes a decision, it sends ripples through the industry.
Alphabet CEO Sundar Pichai just made an announcement that will affect chipmakers Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO), and it's good news -- at least for those two companies.
Details
Following this announcement, Alphabet's stock slumped, but I think that actually created a better long-term buying opportunity.
Source
Originally published at www.fool.com.
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