Key Points
- AI initiatives are increasingly at the center of growth plans for big tech companies, such as Microsoft and Nvidia.
- Google was late to the AI party, but Wall Street cheered announcements from a recent developers' conference.
- Google's advance propelled the Nasdaq 100 to fresh 2023 highs.
- There was no specific AI-related news from Amazon, but it rallied in tandem with Alphabet.
- 5 stocks we like better than Alphabet
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