Alphabet updates AI spending forecast
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Sundar Pichai's fortune could have increased by a billion dollars had he chosen to hold onto Google shares sold over the past decade.
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.
Alphabet Inc. said demand for artificial intelligence products boosted quarterly sales, and now requires an extreme increase in capital spending — heightening pressure on the company to justify the cost of keeping up in the AI race.
Alphabet reported strong second-quarter results, exceeding expectations with a 19% increase in earnings per share and a 14% rise in revenue. CEO Sundar Pichai highlighted the significant growth of new businesses like Cloud and YouTube,
Las Vegas Sands earned an adjusted 79 cents a share in the second quarter, beating analysts’ estimates of 53 cents. Revenue of $3.18 billion topped consensus of $2.84 billion. Shares of the casino and resort operator were up 4.3%.
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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.
Alphabet Inc. (NASDAQ:GOOGL) ranks among the best magic formula stocks to invest in. Robby Stein, VP of Product at Google Search, announced that Alphabet Inc.
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.
While there are lingering concerns about Google’s search business in the long run, analysts see some positives ahead of upcoming second-quarter results.
We came across a bullish thesis on Alphabet Inc. on Stock Analysis Compilation’s Substack. In this article, we will summarize the bulls’ thesis on GOOG. Alphabet Inc.’s share was trading at $191.15 as of July 21st.
Alphabet Inc has reported strong second-quarter revenue growth but says this year's capital expenditures will be US$10bil greater than an earlier forecast, intensifying pressure on the company to justify investments it's making to keep up in the artificial intelligence (AI) race.
It’s the most wonderful time of year, folks. I’m not talking about Christmas – or even Christmas in July. I’m talking about earnings season. Lucky for us, we get to celebrate it four times a year. If you’re one of my paid subscribers,