Why Alphabet Stock Gained 12% in January

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were among the winners last month after the tech giant unveiled a breakthrough with its new quantum chip, Willow.The news set off a surge in quantum computing stocks, and Alphabet jumped over a two-day span after the announcement, as it was the latest evidence that the company is on the cutting edge in the AI race.According to data from S&P Global Market Intelligence, the stock finished the month up 12%. As you can see from the chart below, the gains came largely following the quantum computing announcement on Dec. 9.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool