Alphabet Inc.’s Class C shares (NASDAQ: GOOG) ended a volatile session on December 17 down 3.14% at $298.06 but remained nearly unchanged in after-hours trading. The decline came amid broader tech market concerns about AI infrastructure financing, particularly following Oracle’s $10 billion data center funding setback, which raised questions about the sustainability of AI investments. Key developments included Google’s initiative “TorchTPU” aimed at improving compatibility with the AI framework PyTorch, enhancing its competitive positioning in the AI sector. Additionally, Google launched the Gemini 3 Flash model, promising improved efficiency for AI applications. Looking ahead, the market is anticipated to react to macroeconomic indicators, with the Consumer Price Index (CPI) report scheduled for release, which could impact big tech valuations. Analysts maintain a bullish sentiment toward Alphabet, with price targets reflecting optimism regarding AI-driven growth and strategic initiatives.
Source link
