Stocks
Alphabet's Stock Surges Amid Options Activity and UIPath's AI Push
Alphabet's stock (GOOGL) has been on the move, closing at $170.42 on August 21st after a day of trading. The price increase of 4.75 points represents a 2.87% gain for the company.
In other news, Alphabet-A options have seen significant activity with 431.42K contracts traded and an open interest of 3.58 million. This is according to data from Moomoo News, which reported that on August 21st, there were 431.42K contracts traded for Alphabet-A options.
UiPath has re-architected its machine learning platform, leveraging Google Cloud's AI Hypercomputer and NVIDIA GPUs to scale agentic AI. This move is expected to improve performance-to-cost ratios and eliminate supply bottlenecks.