Alphabet - Asia Tech Wire

Alphabet

2025.03.07

01:27

Market news: The U.S. House Judiciary Committee issued a subpoena to Alphabet on Thursday.

2025.03.01

01:11

Tesla and Nvidia lead the rebound of the seven major US stocks

Tesla and Nvidia led the gains of the seven largest U.S. stocks on Friday. If the gains continue, the equally weighted large-cap tech index will end a six-session decline. Tesla shares rose as much as 3.9% on Friday, on track to end their longest losing streak since November. Meanwhile, Nvidia rose 1.3% after falling 8.5% the day before, its biggest one-day drop in a month. Among other stocks, Meta and Amazon rose about 0.3%, Alphabet was essentially flat, while Apple and Microsoft fell less than 1%. The Bloomberg Seven Index has fallen about 13% from its December high, exceeding the retracement line of 10%.

2025.02.28

07:41

Meta is said to launch a standalone AI application in the second quarter

On February 28, people familiar with the matter revealed that Meta plans to launch the Meta AI standalone application in the second quarter. Meta CEO Mark Zuckerberg plans to make the company a leader in artificial intelligence by the end of this year, ahead of competitors such as OpenAI and Alphabet. The Meta AI chatbot was launched in September 2023, and the company positioned it as a generative artificial intelligence digital assistant that can provide responses and create images based on user prompts in its existing applications.

2025.02.27

08:15

Alphabet's Google reportedly cutting jobs in cloud computing division

Alphabet Inc.'s Google on Wednesday laid off employees in its cloud division, according to people familiar with the matter. The layoffs, which affect fewer than 100 employees in sales, are intended to free up resources to invest in the business and artificial intelligence, one of the people said. In a statement, a Google spokesperson said the company continues to adapt to meet customer needs and the significant opportunities ahead. "As teams across the company have been doing, we are making changes to continue investing in areas that are critical to our business and ensure our long-term success," the spokesperson said.

2025.02.17

18:40

Dutch pension fund ABP has sold its shares in Alphabet (GOOG.O) and Meta Platforms (META.O), according to Dutch Financial Daily.

2025.02.14

01:45

Mexican president threatens to sue Google

Mexican President Claudia Sheinbaum threatened to file a civil lawsuit against Google after the company renamed the Gulf of Mexico to the American Gulf in its mapping service following an executive order signed by President Donald Trump. Sheinbaum insisted Thursday that Alphabet Inc.'s Google was wrong to change the name of the body of water in its mapping service, saying Trump's executive order only applies to the continental shelf within the United States. "We have a dispute with Google," Sheinbaum said at a morning news conference, adding that her government has been in communication with the company on the issue and "if they persist, we will consider filing a lawsuit."

2025.02.12

23:16

Polish Prime Minister Donald Tusk is due to meet with Alphabet's chief executive in Warsaw on Thursday.

22:41

After the CPI data was released, stocks of the seven giants in the United States fell due to rising Treasury yields. Amazon (AMZN.O) and Nvidia (NVDA.O) fell more than 1.5%, Microsoft (MSFT.O) fell 1%, Google's parent company Alphabet fell nearly 1%, and Apple (AAPL.O) and Meta Platforms (META.O) fell 0.4%.

2025.02.11

00:09

Alphabet CEO: The biggest risk is missing out on AI development opportunities

00:08

Alphabet CEO: Good policy should promote innovation while addressing risks.

2025.02.06

08:21

Google drops DEI goals to comply with Trump's new policies

Google parent Alphabet announced it would abandon its diversity goals, becoming the latest tech giant to change its hiring and promotion practices since Trump was elected president. In its annual report released on Wednesday, Alphabet removed language from previous years that said, "We are committed to incorporating diversity, equity, and inclusion (DEI) into everything we do and to cultivating a workforce that is representative of the users we serve." The company's chief people officer, Fiona Cicconi, told employees in a memo: "Because we are a federal contractor, our team is also evaluating changes needed to our projects to comply with recent court decisions and U.S. executive orders on this topic."

2025.02.05

19:08

Bernstein: Lowered Alphabet (GOOG.O) price target to $200 from $210.

18:38

Morgan Stanley: Lowered Alphabet (GOOG.O) price target from $215.00 to $210.00.

15:28

Citigroup lowers Alphabet price target to $229 from $232

Citigroup: Lowered Alphabet's target price to $229 from $232.

15:06

AMD fell 8.6% in early trading on the Frankfurt Stock Exchange due to weak data center sales outlook, while Alphabet fell 7.22% after revenue fell short of expectations.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Singapore investigates Nvidia server export fraud
                            2025-03-03

                                    Shenzhen: By 2027, there will be more than 1,200 companies related to the embodied intelligent robot industry cluster
                            2025-03-03

                                    Hongqi Chain Store: Deputy General Managers Zhang Ying, Wan Chun, Hong Fan and Yang Yuanbin resigned
                            2025-03-03

                                    Shenzhen: Focus on supporting key core technologies such as core components of embodied intelligent robots, AI chips, and bionic dexterous hands
                            2025-03-03

                                    Intel showcases Xeon 6 processor-based network infrastructure at MWC2025
                            2025-03-03