AI Infrastructure Falls, Alphabet’s $2 Trillion Gain, American Eagle Affirms Guidance
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Meta Platforms (META) shares are up after Bloomberg News reported that the Facebook parent is developing plans for a cloud-infrastructure business to sell its excess AI compute.- Alphabet (GOOG) has had a remarkable 12 months by just about any measure you can imagine. The stock price has more than doubled, raising its market capitalization by more than $2 trillion as investors see increasing strength in its artificial intelligence capabilities. At $4.3 trillion, Alphabet is now the second-most valuable…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.