New York, Feb 5, 2025 (AFP) - Google shares slump but other AI gains lift US stocks

NAMPA / AFP

2025-02-06

Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data. Shares of Google parent Alphabet took a hit, slumping around seven percent after the company announced plans to spend an eye-popping $75 billion in 2025 on AI development programs. But AI-linked companies such as Arm, Broadcom and Nvidia surged higher in anticipation of str......

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