Google Banks on AI-Powered Pixel Redesign to Revive Stock Amidst Selloff

Google`s parent company, Alphabet, has seen a significant drop in its stock value recently, partly due to concerns about the company`s progress in AI despite heavy investments. Investors are hoping that the new AI features in the redesigned Pixel phones, to be revealed at an event, will demonstrate Google`s leadership in AI and boost the declining stock price. While Pixel phones haven`t been a major focus for investors in the past, the integration of Google`s Gemini AI model is expected to showcase advanced capabilities, potentially giving Google an edge over competitors like Apple. The success of these new AI features is crucial for Alphabet to regain investor confidence and reverse the negative trend in its stock performance.