First Eagle Investments acquired 3.34 Million Alphabet shares worth $516 Million. That's 1.14% of their equity portfolio (35th largest holding). The first Alphabet trade was made in Q4 2015. Since then First Eagle Investments bought shares five more times and sold shares on 28 occasions. The stake costed the investor $133 Million, netting the investor a gain of 288% so far.
The Justice Department has dropped its bid to force Google to sell its artificial intelligence (AI) investments.
Alphabet's expanding AI portfolio is strengthening its position in the cloud, search and smartphone domains despite increasing regulatory headwinds.
After Google parent Alphabet (GOOGL) reported third-quarter earnings that topped analysts' expectations, CEO Sundar Pichai and other executives told investor...
JPMorgan analyst Doug Anmuth expects tech giants — particularly members of the Magnificent Seven — to ramp up spending on capital expenditures (capex) in a b...