Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
From a purely business financials perspective, a large part of the reason for the sell-off stemmed from slowing growth in data centres revenue. Google’s cloud business is a huge money driver and posted a 30 per cent increase in revenues, totalling nearly $12bn (£9.6bn).
Alphabet earnings: What to expect on AI and the cloud, with Google parent’s stock near a record
Alphabet reports fourth-quarter earnings after Tuesday's closing bell. Investors will be focused on cloud momentum and AI traction, with shares of the Google and YouTube parent company holding fast near the record levels achieved last week.
Alphabet's Q4 earnings beat EPS estimates but missed revenue expectations, causing a sell-off. Read why I believe this is an ...
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Alphabet said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, while ...
Alphabet, which held the stake through its Google LLC unit, sold its remaining 114,554 Snowflake shares in the fourth quarter. Google LLC first disclosed a stake of 535,604 Snowflake shares for the ...
YouTube achieved record ad revenue thanks to the U.S. presidential election, with politicians on both sides doubling their ...
FY24 results showed 12% constant revenue growth and 31% EPS growth. Click here to find out why I reiterate a buy rating for ...
The company’s historical reluctance to engage in military AI projects stems from employee-led protests in 2018, when workers ...
Several major companies have followed suit as Trump expands his attacks on diversity initiatives to the private sector.
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen ...
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