Google (GOOG) and NVIDIA Start Open Automotive Alliance

Shares of Google Inc. (GOOG) closed up +12.32 or +1.11 percent on Monday, after the company announced it was partnering with chip-maker NVIDIA Corporation (NVDA) and four major automakers to form the Open Automotive Alliance. Google stock was up an additional +5.56 or +0.50% to $1,122.88 per share in pre-market trading this morning.

Mountain View, California based Google Inc. is an international Internet corporation best known for its search engine, but also includes a number of other Internet related products and services. The company has been branching out into other fields through acquisitions, with the purchase of Boston Dynamics, a robotics company, being its latest. The Open Automotive Alliance is Googleâ s bid against Apple Inc.â s (APPL) â

Published on Jan 7, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

Posted in ...