Why Alphabet Rose 14.5% in May
Shares of search and cloud giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) rose 14.5% in May, according to data from S&P Global Market Intelligence. The Google parent unveiled many new technologies during its I/O conference early in the month. Alphabet had been a relative laggard during the first quarter compared with some of its big-tech brethren, as investors feared that generative AI could disrupt the conglomerate's core search business.