Google seems unfazed by the AI bubble as its stock continues to soar amidst a brutal month for tech stocks. Alphabet’s stock has surged 16% since the Nasdaq peak on Oct. 29, following a court ruling that resolved concerns about a government breakup. The internet-search giant remains a standout in the market.

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1. The U.S. economy added 943,000 jobs in July, exceeding expectations and marking the second consecutive month of strong job growth.

2. The unemployment rate fell to 5.4% in July, down from 5.9% in June, as more Americans returned to the workforce.

3. Average hourly earnings rose by 4% from a year earlier, indicating a tightening labor market and potential wage pressure.: Why Google’s Soaring Stock Is Defying Fears of an AI Bubble