Alphabet stock edges 1.6% higher as AI pressure hits search business
The close of $321.89 left Alphabet 20.4% below its 52-week high, with volume 1.8 times the recent average.
Alphabet (GOOG) shares edged 1.6% higher to $321.89 on Wednesday, even as reports say AI is eating into sales at its core search business.
Reports say the company has erased a record $500 billion in market value as AI pressure builds on search.
The stock is still 20.4% below its 52-week high of $404.47. Volume was 1.8 times the recent average, while the S&P 500 rose 0.3% the same day.
Over three months the shares are down 3.2%.
GOOG on StocksXray
Last close282.32
Today−12.29%
X-Ray Score50
Fair valueFair
More on GOOG
Educational only, not financial advice. Numbers beside the story are from our own data.