Why Alphabet Stock Popped on Wednesday
The AI business continues to boom, and this is good news for Google for two reasons.
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock gained 2.8% through 11:20 a.m. ET Wednesday on a positive prognosis from Piper Sandler regarding the artificial intelligence industry.
Turns out, Taiwan Semiconductor Manufacturing Company (NYSE: TSM), which manufactures advanced AI semiconductor chips for Alphabet on contract, is "sold out through the first half of 2028."
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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