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Alphabet shares hit a 52-week high Tuesday after showcasing its AI and machine learning capabilities at its annual Cloud Next event. The search giant has benefited from excitement around AI, with shares up more than 53% year to date. Wall Street regarded Alphabet’s AI hardware advancements as some of the biggest takeaways from the event, reiterating optimism in the company’s long-term potential. Alphabet unveiled a new iteration of its tensor processing units to train AI models, and unveiled updates to its own large language models and developer capabilities.
