Google parent Alphabet posts 1st $100 bn quarter
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Alphabet reported third-quarter earnings after Wednesday's close of trading. Investors will be focused on cloud growth and the health of search revenue in the AI era.
Both companies are spending big on AI, but Google’s diversified business and cost discipline could help it pull ahead
Happy numbers galore. Net income rose 33% to nearly $35 billion, while earnings per share jumped 35% to $2.87.
Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet's ability to fund its plans from its cash flow.
The social-media company said it would “aggressively” raise spending to stay competitive in the artificial-intelligence arms race. That se
Investors watch for signs huge capital investments in AI are generating revenue amid concerns of sector bubble
Mark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Meta and Alphabet's quarterly earnings results.
Google's parent company, Alphabet, reported record quarterly revenue this week, with Google Cloud, Search and YouTube each growing at a double-digit pace.
About an hour after Meta, Microsoft and Alphabet delivered quarterly earnings, shares in the latter were up 5.5 per cent in after-hours trading. The Google parent reported quarterly revenue that surpassed $100bn for the first time.