Why Alphabet Stock Cranked Higher Today
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Alphabet's stock rose nearly 3% amid ongoing antitrust proceedings, fueled by speculation that OpenAI might acquire its Chrome browser. OpenAI's product head suggested this during the trial, which could help Alphabet navigate its legal challenges. The Department of Justice is concerned about Alphabet's search monopoly impacting the AI race. While Alphabet hasn't confirmed any sale plans, the potential sale of Chrome could address antitrust issues and alter the competitive landscape, especially with Microsoft's interest in OpenAI.
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