The I/O conference is expected to reshape Google's AI narrative! The market is betting that Alphabet (GOOGL.US) is about to reverse its stock price decline.

According to the Securities Times APP, institutional and individual investors are turning their attention to this week's Google Developer Conference, hoping that the parent company of Google, Alphabet Inc. (GOOGL.US), whose stock has underperformed the S&P 500 index so far this year. The tech giant is facing concerns about its dominant position in the search engine market being threatened, as well as increasing competition with rivals such as OpenAI in the generative AI space. Investors are looking to reshape Google's AI growth narrative in light of these worries.