Key facts: Alphabet nears $4T valuation; Google invests $15B in AI
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- Alphabet's stock neared a $4 trillion valuation as reports emerged that Google is negotiating to sell AI chips to Meta, influencing the stock prices of chip manufacturers Nvidia and AMD.1
- Google will invest $15 billion in an AI infrastructure center in Visakhapatnam, India, over the next five years, enhancing its AI capabilities and data center investments.2
- Alphabet Inc. (GOOG) has boosted the AI sector, driving U.S. stock market gains as Thanksgiving nears, alongside Broadcom Inc. (AVGO), with hopes for a Federal Reserve rate cut.3