Intel's stock down 34% as AMD and Alphabet report strong growth in AI and cloud computing sectors.

Intel's stock down 34% amid recession fears; AMD and Alphabet (Google) offer better exposure to growth areas like AI and cloud computing with lower valuations. Both companies report strong earnings growth: AMD's Q2 2024 revenue up 9% YoY, Alphabet's Q2 2024 revenue grew 14% to $85B, with Google Cloud delivering a 28% increase. AMD's share price up 3,000% since 2014, making them promising alternatives for tech stock investments.

August 11, 2024
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