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Google DeepMind Hires AI Star Zoph, but Stock Valuation is Stretched

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The Story

News Summary

  • Alphabet (GOOGL) hired AI expert Barret Zoph for DeepMind, signaling strength in the AI talent race.
  • Despite strong Q2 revenue growth and massive Cloud expansion, the stock trades at a significant premium, meaning markets expect concrete financial results from these investments.
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GOOGL price history

338.50 +6.53% over the displayed period

Advisor Snapshot

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