Bulls see the stock rising further, fuelled by a rebound in spending on digital ads and growth in its cloud business. Google parent Alphabet Inc. rallied Monday to breach $2 trillion in market value for the first time, fueled by a rebound in spending on digital ads and growth in its cloud business. Alphabet trades around 24 times forward earnings, …
Alphabet’s secretive research unit said on Friday it will launch Intrinsic, its new robotics software and artificial intelligence project, under the Google parent’s segment that houses futuristic businesses such as Verily and Waymo. To expand beyond its main search and advertising business, Google in 2015 established Alphabet as a holding company overseeing various “other bets”, ranging from its autonomous vehicle …
