Alphabet Stock News

Cathie Wood's ARK Invest bought and sold medtech shares Friday. She also bought shares of an unconventional AI chipmaker — an unpopular one at that.

Alphabet shares (GOOGL) rose on Monday after Google introduced two new versions of its in-house artificial intelligence chips. The company is expanding its eighth-generation Tensor Processing Unit (TPU) portfolio as it looks to enhance its position in the AI hardware market.

Waymo had said it fixed the software on its driverless cars to stop them from passing school buses flashing red lights.

AMD announced that its fifth-generation Epyc server processors will power Alphabet's Google Cloud TPU 8tx systems. AMD stock rose.

Nearly a year ago, Waymo updated its self-driving software and issued a recall after numerous reports that its robotaxis were illegally passing school buses that had stopped and deployed flashing red lights. Now, federal safety regulators have opened a new investigation into why that behavior has continued.

Alphabet's Google is expanding its AI hardware lineup with systems designed for sensitive data and large workloads.

Google to introduce two variants of its in-house chips, Bloomberg News reports

Alphabet's drone unit, Wing, plans to invest up to $125 million over the next two years in a new manufacturing facility to help it meet growing demand for quicker delivery.