Ransom Advisory Ltd reduced its stake in Alphabet Inc. by 5.8% in Q4, holding 28,583 shares worth about $9 million, making it their 6th largest position. Other major investors like Norges Bank and JPMorgan Chase increased their holdings significantly. Alphabet reported strong Q4 earnings with $2.82 EPS beating estimates and 18% revenue growth, driven by AI and cloud initiatives. The company also announced a quarterly dividend and faces mixed sentiment from insider sales, geopolitical risks, and optimistic analyst upgrades with a consensus 'Buy' rating. These factors highlight Alphabet's ongoing growth potential amid market uncertainties.
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...
