Alphabet to set a new record as investors happy with Google’s AI progress
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Investors are becoming more optimistic about Alphabet Inc.'s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp. in the United States. It has rallied back from last month's low, when the shares dropped on concerns the company was falling behind in AI. Google eyes enterprise-ready AI solutions Using this week's cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month's earnings and a developer's conference in May. While Alphabet's path to AI monetization is still seen as cloudy, the st...