Google Shaken by OpenAI’s Browser Launch — But later Bounced Back
- A sudden shock hit the markets (especially Google) as OpenAI announced its new AI web browser on Tuesday
- As a result, Google (Alphabet Inc.) stock tumbled nearly 5%, wiping out ~$160 billion in market cap within hours!
- But the panic was short-lived — investors soon realized that Atlas is no more of an AI-powered Chrome clone
- Google quickly rebounded 3.5%, showing resilience and confidence in its ecosystem.
With pre-market already near $255, the message is clear :
- Accumulate the stock on every dip.
- A sudden shock hit the markets (especially Google) as OpenAI announced its new AI web browser on Tuesday
- As a result, Google (Alphabet Inc.) stock tumbled nearly 5%, wiping out ~$160 billion in market cap within hours!
- But the panic was short-lived — investors soon realized that Atlas is no more of an AI-powered Chrome clone
- Google quickly rebounded 3.5%, showing resilience and confidence in its ecosystem.
With pre-market already near $255, the message is clear :
- Accumulate the stock on every dip.
Certified Market Technician
WA: +33755531401
marketinvestopedia.com/
WA: +33755531401
marketinvestopedia.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Certified Market Technician
WA: +33755531401
marketinvestopedia.com/
WA: +33755531401
marketinvestopedia.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.