Why Alphabet Stock Was Gaining Today

Why Alphabet Stock Was Gaining Today

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were moving higher today as anticipation seemed to be building for the company's live event tomorrow. The conference comes after the company unveiled its new Bard AI search technology in a blog post yesterday. Alphabet actually announced its event last week, but the arms race to lead the next iteration of internet search is building quickly as Microsoft (NASDAQ: MSFT) announced at its own press conference this afternoon that it would launch a ChatGPT-powered version of Bing, again leveraging its partnership with OpenAI.