Google's stock zooms past $900 on Google I/O day

Investors pushing the stock up early on Wednesday may be inspired by what Google is expected to roll out at the event.

Nasdaq.com screenshot

Google's stock price has been on a steady climb over the past month. For the first time, it cracked $900, up about 2.5 percent in early trading Wednesday. The breakthrough comes on the day Google will reveal its future products at the Google I/O developer conference in San Francisco.

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Read: Full coverage of Google I/O

Attendees line up for Google I/O. CNET

Investors may be inspired by what Google is expected to roll out at the event . The lineup includes updates to its Android, Chrome, Search, and Map platforms, as well as possible new apps, smartphones, and tablets. More will be revealed on the future of Google Glass , and it's anticipated that Google will debut its streaming music service .

Next up will be Apple, which is hosting a developer conference in San Francisco on June 10. It's unclear whether Apple will experience an upward swing in its stock price as the event approaches. The rumor mill is busy with hints of an Apple TV, iPhone 5S, iOS 7, and even an iWatch. In early trading Wednesday, Apple's stock was down about 2.4 percent, to $433.

Apple and Google stocks have been going in opposite directions. NASDAQ screenshot
About the author

Dan has more than 20 years of journalism experience. He has served as editor in chief of CBSNews.com, CNET News, ZDNet, PC Week, and MacWeek.

 

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