Alphabet stock price sky rocketing this week?!

Yes, $Alphabet(GOOG)$ is up over 4% yesterday and is up over 3% for the week. So what exactly drove the price of the big tech up this week?

1) Inflation data released on Wednesday is showing signs of plateauing and this is a strong indicator of Fed next move on rate hikes. With lowering inflation pressures, rate hikes are likely to be slowed further and eventually reduced. This is a good news for tech stocks for sure and Alphabet is a beneficiary.

2) Alphabet's AI product - Bard is rolled out in international markets such as Brazil and Europe. Also, new features such as text to speech and new language capabilities are introduced. This is just the beginning in increasing user adoption of Bard. We can definitely look forward to more international exposures and awesome features to be rolled out in the near future to stay competitive against ChatGPT.

Overall, it's a good week for Alphabet investors. Hope this ride up will persist! Invest safe.

@CaptainTiger @Daily_Discussion @MillionaireTiger @TigerStars