Alphabet Boosted by AI, Cloud Demand
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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.
Alphabet CEO Sundar Pichai praises a standout Q2 driven by AI-powered growth across divisions, with Google Search and Cloud showing strong momentum and boosting revenue.
Analysts note new tax provisions could be giving the large technology companies more flexibility to invest in chips and other AI infrastructure.
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.
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Asianet Newsable on MSNAnalysts Hail Alphabet’s Cloud Surge, AI Push, Sparking Bullish Retail Buzz
JPMorgan revised its price target on Alphabet shares to $232 from $200 while maintaining an ‘Overweight’ rating.
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.
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Google’s AI push pays off with solid second quarter, but doubts about company’s future persist
Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background.
Alphabet Inc (GOOG) reports robust financial performance with significant gains in Google Cloud and YouTube, while navigating increased expenses and supply challenges.
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. is set to release its second-quarter earnings on Tuesday. Analysts anticipate robust results, despite concerns over the impact of AI on the company's core search business.