Alphabet Boosted by AI, Cloud Demand
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The addition of AI Overviews to Google Search may be one reason why that business continues to show strength. It brought in more than $54.19 billion in revenue during the quarter, representing a good chunk of its overall $71.34 billion in advertising revenue. That was up 10.5% from $64.61 billion in ad sales in the same period last year.
Alphabet Inc (GOOG) reports robust financial performance with significant gains in Google Cloud and YouTube, while navigating increased expenses and supply challenges.
Google parent Alphabet plans to spend $10 billion more in capital expenditures this year than previously anticipated as the company works to meet surging demand for Google Cloud.
While there are lingering concerns about Google’s search business in the long run, analysts see some positives ahead of upcoming second-quarter results.
After months of underperforming their tech peers, Alphabet Inc. shares are finally showing signs of life as investors bet that a strong earnings performance will outweigh concerns about a looming antitrust ruling.
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Alphabet Inc.'s Q2 saw 12% revenue growth, fueled by Google Cloud's 20.7% margins and AI adoption. Click for my updated look at GOOGL stock post earnings.
Stocks were mixed Thursday. The Dow Jones Industrial Average fell more than 300 points after Honeywell and International Business Machines slumped on quarterly earnings updates, and as UnitedHealth Group traded lower after saying it was “complying with formal criminal and civil requests” from the U.
Alphabet Inc.’s earnings beat Wednesday was the latest milestone in what’s been an explosive run since early 2023, during which the company has added more than $1 trillion in market value and returned about 120% to investors.
Alphabet Inc.'s Q2 highlights AI-driven growth and cloud profitability. Click for our updated look at GOOGL earnings and the initiatives that make it a Buy.