Google, Alphabet and Stock
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Once a money-losing backwater, Google Cloud has become one of Alphabet's fastest-growing businesses, powered by massive bets on AI and years of costly investment in datacenters, custom chips, and networking gear.
Net income: $34.98 billion, a 33% increase compared to $26.3 billion a year ago. Earnings per share: $2.87 per share, compared to $2.27 per share expected from analysts estimates compiled by Yahoo Finance.
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Alphabet, Meta and Amazon poured $380 billion into AI — but not everyone is winning from the spend
Major tech firms Alphabet, Meta, Microsoft, and Amazon are boosting AI investments, projecting capital expenditures to exceed $380 billion this year. While Amazon and Alphabet saw stock gains, Meta's shares dropped amid concerns over its AI revenue potential and spending strategies.
Google parent Alphabet reported second-quarter earnings after market close Wednesday that surpassed Wall Street’s expectations, as the company cited a boost from its cloud and search business ahead of a looming antitrust ruling that could force a sale of ...
Alphabet had easier remedies for its Google Search subsidiary in its monopoly court case. The company now faces challenges in AI, in which it is competing well. Even at an all-time high share price, the stock still looks cheap. While there is still the ...
Alphabet GOOG reported solid second-quarter earnings that included sales of $96 billion, up 14%, and operating margins of 32%, flat year over year. Google Cloud continued to increase its contributions to the top line, expanding by 32%, as AI-driven demand ...
Following the "cleanest print we have seen from Google in some time," in the words of UBS analyst Stephen Ju, Alphabet's stock isn't doing much on Thursday. It's up 1.3% in morning action, in what would be its most subdued post-earnings move in either ...
BRUSSELS (Reuters) -Alphabet's Google is set to be hit with an EU antitrust fine over its adtech practices later on Friday, three sources with direct knowledge of the matter said. The European Commission had originally planned to hand out the modest fine ...