Boosting Investor Confidence in AI Bets, Tech's Trillion Dollar Market Caps from a to z alphabet chart Watch Video
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⏲ Duration: 0:42 👁 View: 1.7M times ✓ Published: 30-Apr-2024
Description: Strong results from Microsoft and Alphabet have reignited investor confidence in big tech's expensive bets on artificial intelligence tools. Alphabet's shares surpassed a $2 trillion market cap for the first time on Friday, while Microsoft reached just over $3 trillion. Outperformance from major AI players like Microsoft, Alphabet, and Tesla helped lift the S&P 500 and Nasdaq to their best weekly gains of 2024. Executives said real-world demand and capital investment validate the potential of AI, not just hype around the technology.