US Stock Market Move | Alphabet Inc. Class C (GOOGL.US) rises nearly 3% in partnership with Saudi Venture Capital Company STV to launch an artificial intelligence fund.
On Wednesday, Google (GOOGL.US) rose nearly 3% to $164.19.
On Wednesday, Alphabet Inc. Class C (GOOGL.US) rose nearly 3%, reaching $164.19. In terms of news, on Tuesday, several American tech giants announced investment and cooperation plans in Saudi Arabia during President Trump's visit. Among them, the Saudi Arabian venture capital firm STV established a $100 million AI fund with support from Alphabet Inc. Class C's parent company Alphabet, focusing on supporting early-stage AI startups in the Middle East and North Africa, and accelerating the development of regional AI infrastructure. However, the exact proportion of Alphabet Inc. Class C's investment has not been disclosed.
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