- Alphabet Expands AI Overviews Feature
- Warner Bros. Discovery's Leadership Change
- AMD Gains After Jim Cramer's Praise
Today, stocks of Alphabet, Warner Bros. Discovery, and AMD are making headlines due to significant announcements and notable stock movements.
Alphabet Expands AI Overviews Feature
Alphabet (GOOG) shares are up 1.42% today, trading at $165.49. The company announced a major expansion of its AI Overviews feature, which was initially launched in May 2024. Google plans to roll out the service to six new countries, including India, Brazil, and Japan, with local language support. The expansion comes with new features such as the ability to save specific AI Overviews and an option to view snapshots in simpler language for technical topics. Alphabet’s stock has shown strong performance, with a year-to-date return of 17.58% and a market cap of $2.025 trillion.
Warner Bros. Discovery's Leadership Change
Warner Bros. Discovery (WBD) is seeing a 2.35% increase in its stock price today, reaching $7.41. The company announced a significant leadership change in its cable TV business, with Channing Dungey set to take over the U.S. Networks group at the end of 2024. This move comes as WBD grapples with challenges in its cable division, having recently taken a $9 billion write-down on its networks. Despite today’s gains, WBD’s stock has struggled this year, with a year-to-date return of -34.93% and a market cap of $18.156 billion.
AMD Gains After Jim Cramer's Praise
Advanced Micro Devices (AMD) stock is up 1.02% today, trading at $148.86. The company has been garnering attention from analysts and investors alike, with Jim Cramer recently praising AMD on his show Mad Money, stating that the company is ‘dominating’ the market. AMD’s Q2 2024 earnings report showed strong growth in its data center and client segments, with overall revenue rising 9% year-over-year to $6 billion. Despite a recent 24% drop in stock price over the last 30 days, AMD’s year-to-date return remains positive at 1.00%, and its market cap stands at $240.975 billion.
Stocks of Alphabet, Warner Bros. Discovery, and AMD are seeing significant changes today, attracting investors' attention with their important announcements and updates.
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