Google C Sees Week of Volatility Amid Market Fluctuations and Gemini AI Enhancements

As of last week, Google C (GOOG) saw a 1.05% increase, although it experienced a 1.39% decline over the past week. Year-to-date, the stock has risen by 17.32%, positioning its latest market cap at $2.032504 trillion.
On August 28, 2024, Google C, classified under Interactive Media and Services, achieved a trading volume of $2.503 billion, ranking 13th among U.S. stocks that day. The trading volume saw a 9.24% increase from the previous day, with a total of 15.2087 million shares traded. The stock price fell by 1.13% on August 28th, settling at $164.5. Over the past five trading days, it declined by 1.87%, with a 5.00% drop for the entire month of August. Nevertheless, it has shown a year-to-date gain of 16.72% and a 21.41% increase over the past 52 weeks.
Alphabet Inc., Google’s parent company, was established as a holding company in 2015, primarily overseeing Google and its subsidiaries. Google itself was founded on September 4, 1998, in California and reincorporated in Delaware in August 2003. Alphabet’s interests span various sectors, including technology, life sciences, capital investment, and research, featuring subsidiaries such as Google, Calico, GV, Google Capital, and Google Fiber. Google’s efforts are concentrated in internet search, cloud computing, and ad technologies, offering a broad array of internet-based products and services.

On August 26, 2024, Google C saw a trading volume of $2.013 billion, ranking 15th among U.S. stocks, although it marked a 15.68% decrease from the previous day’s trading volume, which stood at 11.9903 million shares. Google C’s stock increased by 0.30% to $167.93, showing a decline of 0.28% over the past five trading days and a 3.01% decline for the entire month of August. However, year-to-date, it improved by 19.16%, with a notable 28.49% increase over the past 52 weeks.
Alphabet Inc., Google's parent company, delves into various domains such as technology, life sciences, capital investments, and research. Google remains devoted to internet search, cloud computing, ad technologies, and other internet-based services. The company's subsidiaries include Google, Calico, GV, Google Capital, and Google Fiber.

On August 30th, Google C experienced a 1.22% intra-day decline, trading at $162.5 per share by 02:48 PM, with transactions amounting to $1.49 billion. Financial reports indicate that as of June 30, 2024, Google C's total revenue was $165.281 billion, reflecting a 14.47% year-on-year increase. The company’s net profit attributable to shareholders amounted to $47.281 billion, up 41.48% year-on-year. The company is scheduled to release its third-quarter financial report for the fiscal year 2024 on October 22nd.

On August 29th, Google C experienced a 1.25% increase during the day, with the stock trading at $166.55 per share by 09:39 PM, and the transaction volume standing at $1.89 billion.
On August 31st, Google announced via its official blog that its Gemini AI platform now supports more file types. Users can upload various files from Google Drive or local devices to Gemini (gemini.google.com). According to Google, users with Gemini Business, Enterprise, Education, or Education Premium licenses can now upload and benefit from spreadsheets, presentations, images, and audio files on Google Workspace.
For example, Gemini AI can now handle CSV, XLSX, and ODS spreadsheets for data analysis and trend tracking. It can manage PPTX, PDF, and KEY presentations to summarize content and identify visual elements. It can also analyze JPEG, PNG, and GIF images to extract text and recognize objects. For audio files, it can transcribe speech and summarize key points from interviews, podcasts, and lectures.
Furthermore, Gemini's video support is robust, processing formats such as MP4, MOV, and AVI. It can extract scripts, identify scenes, and summarize critical events from presentations, documentaries, and training videos.
Notably, Gemini can provide document organization and writing suggestions based on user prompts, enhancing understanding, research, and writing skills.