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α52
Alpha 52
Where AI meets Quant
KR
67.03
+ 1.33%
The Kroger Co.
Consumer Staples

News Sentiment

59m ago
Bullish 45%
Bearish 55%

News Summary

Kroger's stock recently closed at $67.03, gaining $1.33 from the previous day and exceeding market returns. However, the company faces a significant legal challenge as Alpha Modus Corp. has filed an amended patent infringement complaint. The lawsuit alleges that Kroger's use of various AI-powered retail and analytics systems infringes on an expanded portfolio of intellectual property. This escalation highlights legal risks associated with the company's digital transformation and adoption of in-store AI technologies, casting scrutiny on its innovation efforts.
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