Reported 4 months 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