Alphabet reported a strong first quarter with revenue up 21.8% year-over-year and GAAP earnings per share of $5.11, surpassing expectations. The company's cloud business showed significant strength, with a backlog rising to $462 billion and cloud margins expanding to 32.9%. AI-driven efficiencies helped reduce costs by over 30%. Despite raising capital expenditure guidance to $195 billion for 2026, Alphabet's robust backlog and improving cloud margins help mitigate margin risks. However, due to stretched valuation and limited upside potential despite operational outperformance, the analyst downgraded the stock from Strong Buy to Buy.
In June, Google maintained steady user growth with 2.2 billion daily active users, while AI competitors Claude and Gemini saw sharp increases, growing 9% and 7% respectively. Gemini added the most daily users, gaining 8 million, followed by ChatGPT a...
The market is expected to stay stable and range-bound during the summer doldrums, with limited movement after struggling to surpass previous highs. Hyperscaler capital expenditures (capex) are anticipated to be the main driver for stock performance, ...
Google's parent company Alphabet is increasing its investment in artificial intelligence, which has supported strong business results despite a 7% decline in its shares over the past month. The company is expected to report its Q2 earnings on July 22...
Mark Lanier won a landmark $6 million verdict against Meta and Google, proving their platforms were designed to be addictive and harmful to children's mental health. The case, led by a young plaintiff named Kaley, exposed internal documents showing d...
