Alphabet (GOOGL) Stock

The U.S. Department of Justice has suggested that Google should sell its Chrome browser after a court ruling found that the company has an illegal monopoly in the search market. Google plans to present its own proposals next month, arguing that the DOJ's recommendations could harm consumers and the company's position in technology. Additionally, the DOJ has indicated that if Google does not comply with certain remedies, it may need to divest its Android operating system as well.

Alphabet (NASDAQ: GOOGL) saw a significant increase in its stock price during the night of October 29 to October 30 after releasing a very impressive third-quarter (Q3) earnings report.

Alphabet, the parent company of Google and a Zacks Rank #2 (Buy) stock, is set to announce its Q3 earnings on Tuesday. Stock Strategist Andrew Rocco shares important information you should be aware of.

After hitting a record high of $192 in early July, Alphabet Inc. (NASDAQ: GOOGL) has seen a decline because of antitrust challenges and increasing competition in the field of artificial intelligence (AI).

Alphabet (GOOGL) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

Alphabet (NASDAQ: GOOGL) is currently facing challenges due to legal uncertainties related to antitrust matters. Some analysts on Wall Street see this situation as negative for the company, which has resulted in a recent change in its stock value.

The U.S. job market showed surprising strength in September, with job growth much higher than expected, easing worries about a possible downturn. The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 254,000, which is well above the predicted 150,000.

Alphabet (NASDAQ: GOOGL) finished last week on a high note, closing at $164.64 on Friday, September 20, which is an increase of 0.86%. In the last five days, the stock rose by 3.93%, and its performance for the year so far is at 17.97%.

Musk aims to utilize this powerful supercomputer to enhance Tesla's self-driving features and to train the chatbot Grok from xAI.