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Alphabet Flashes Strength As OpenAI Growth Concerns Sink Tech Stocks; Earnings Ahead
The artificial intelligence trade faces a crucial test this week with five Magnificent Seven leaders lined up to post earnings. Google stock cleared a cup base at a buy point of 349 on Monday and rose into a buy zone that stretches up to 366.45, according to IBD MarketSurge chart analysis tools. On Tuesday, selling in Alphabet stock was contained amid a much sharper sell-off in AI names after The Wall Street Journal reported OpenAI missed internal projections for new users and revenue.
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