HomeTechFAANGPACW Falls After Deposits Declined & GOOGL Rallies On A.I. Developments

PACW Falls After Deposits Declined & GOOGL Rallies On A.I. Developments

PacWest (PACW) falls after deposits declined 9.5% during the week of May 5th. Renita Young discusses this as PACW shares halted multiple times today. PACW now has $15B of available liquidity compared to $5.2B uninsured deposits and total deposits declined 16.9% in 1Q. She also talks about how Alphabet (GOOGL) rallies on the latest A.I. developments. GOOGL shares are at their highest point since August 2022. Tune in to find out more about the stock market today.

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