Altarock Partners's position in Alphabet is currently worth $593 Million. That's 10.88% of their entire equity portfolio (4th largest holding). The first Alphabet trade was made in Q4 2019. Since then Altarock Partners bought shares eight more times and sold shares on eleven occasions. The stake costed the investor $267 Million, netting the investor a gain of 123% so far.
Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's buying more Alphabet here.
Google announces partnerships with Warby Parker and Gentle Monster to make AR smart glasses with AI applications. Sameer Samat, president of Google's Android...
Alphabet's Waymo autonomous vehicle division is exploring a collaboration with Toyota to develop an autonomous vehicle platform that would bring self-driving...
Last summer, OpenAI approached Google about a partnership to power ChatGPT, but it got turned down. That information came to light Tuesday (April 22) during ...