Alphabet Shares Fall as Investors Weigh AI-Chip Sales Forecast
Alphabet Class A shares were down 1% at $341.43 at 10:10 a.m. EST on October 16. Evercore ISI forecasts chip-system sales could supply…
Alphabet, the parent company of Google (NASDAQ:GOOG), must do more than increase AI-chip sales: it needs to make those sales profitable. Its Class A shares were at $341.43 at 10.55am EST on October 16, down 1%. Investor's Business Daily reported Friday that Evercore ISI expects chip-system sales could supply 35…