Reported 22 days ago
Alphabet, the parent company of Google, is significantly reducing its stakes in two prominent AI companies, CrowdStrike and DexCom. After cutting its investment in CrowdStrike by two-thirds and reducing DexCom by over 40%, concerns over high valuations and business challenges are driving these decisions. Both stocks were once key components of Alphabet's portfolio, highlighting a shift in its investment strategy.
Source: YAHOO