https://images.mktw.net/im-07132839
Published:
For investors looking for validation of Alphabet Inc.’s artificial-intelligence strategy, some proof arrived on Tuesday.
The Google parent company’s stock clinched its biggest quarterly gain in 20 years, with shares of Alphabet’s Class A stock
GOOGL closing at $243.10 and gaining 38% between the beginning of July and the end of September. The stock’s third-quarter performance this year marked the company’s best since the second quarter of 2005, according to Dow Jones Market Data. (Its Class C shares GOOG, which originated in 2014 and now trade under the “GOOG” ticker, rose 37% to seal their best quarterly performance on record.)
This post was originally published on Market Watch
