Rezolve AI (RZLV) Slides 4% on Profit-Taking After a 22% Rally Triggered by Google Cloud Database Selection, Alphabet (GOOGL) Holds Flat
Rezolve AI (NASDAQ:RZLV) stock fell 4% to $2.84 in early Wednesday trading, following a 22% surge to $2.96 on Tuesday. The rally was driven by the company's announcement that Alphabet's (NASDAQ:GOOGL) Google Cloud selected its proprietary distributed database technology for deployment within Google Cloud Web3's blockchain datasets. The initial deployment covers historical data across 10 blockchain networks, totaling around 100 terabytes. The subsequent slide is attributed to profit-taking, as the company did not disclose contract value or revenue contribution, alongside broader pressure on software funds. Alphabet stock was down 0.1% to $346.59, largely unmoved by the announcement.
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