Google shares plunge, then rebound in a single day as investors digest company's shifting AI story

Group 1 - Google is reportedly in talks for a multi-billion dollar cloud computing deal with Anthropic, signaling its broader AI strategy [1] - Google's stock has increased by over 65% in the last 6 months, yet it still trades at a discount compared to its big tech peers due to investor skepticism [1] - The pressure from AI rivals has not yet impacted Google's earnings, but upcoming earnings reports will be closely monitored for signs of competition affecting its search business [3] Group 2 - OpenAI's Atlas browser poses a significant threat to Google's Chrome, which is essential for its ad business [2] - The rumored Google Cloud deal with Anthropic is viewed positively for Google's in-house TPU chips, which compete with Nvidia [3] - Anthropic's multicloud setup with Google allowed it to remain operational during Amazon's cloud outage, highlighting the importance of reliable infrastructure for Gen AI workloads [4]