Big Stock Stories On Alphabet, Oracle, And T-Mobile

12/11/2024 10:12:32 AM

(MENAFN- Baystreet) Alphabet (GOOG) gained over 5% yesterday and could rise again today. The firm achieved a breakthrough in quantum computing.

Alphabet said that it has a new chip, code-named Willow. This chip may solve computing problems in only five minutes. In comparison, a classical computer would need more time than the history of the universe.

The firm's achievements suggest that GOOG stock is undervalued. Stock markets are unwilling to pay a premium until the firm proves its Gemini AI will outflank that of ChatGPT. Until then, Microsoft (MSFT) will command a higher valuation, as will Amazon (AMZN).

In the near term, watch chip stocks. On December 12, Broadcom (AVGO) will post earnings.
Oracle fell by 6.67%, breaking below its 50-day simple moving average. The database firm reported momentum in its Oracle Cloud division. It is also cutting costs and improving margins in its cloud applications and infrastructure divisions.

T-Mobile (TMUS) may potentially trade back to its 52-week high in the weeks ahead. CEO Mike Sievert said that the postpaid business will add a healthy three million subscribers.
T-Mobile is an attractive telecom holding compared to Verizon (VZ) and AT&T (T). The firm said that this quarter is back-end loaded. This momentum will play out as customers plan their device upgrades.

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