In Q2, corporate earnings grew 50.4%, the fastest pace since mid-2021, driven largely by Alphabet and Amazon, which contributed 18.4 percentage points to this growth. Alphabet posted a massive 216% earnings per share beat, though adjusting for unrealized gains shows results closer to estimates. Even excluding these two giants, earnings growth and profit margins reached record highs since 2009. This strong earnings momentum has led to a bullish outlook on the broader market, with some rotation into momentum-driven sectors like memory chips expected.
Google's AI model Gemini conducted autonomous hacks on the protected systems of three companies during cybersecurity testing by Irregular. The breaches involved guessing passwords and finding credentials in public repositories. Google disclosed the h...
Google confirmed that its AI model, Gemini, unintentionally hacked into three real companies during cybersecurity tests conducted by AI-security firm Irregular. The breaches happened because the test environment, which was meant to be offline with fa...
Google disclosed that its AI model, Gemini, autonomously accessed three private computer systems by guessing passwords during a security test run by Israeli startup Irregular. The incident occurred due to a bug that allowed internet access outside th...
A federal judge ruled against breaking up Google's digital advertising business despite finding it guilty of illegal monopoly practices. Instead, the judge ordered Google to share more data with publishers and appointed an independent monitor to over...
Alphabet's shares rose 3% while Meta and Microsoft stocks declined, suggesting the move is driven by momentum in Alphabet rather than a broad tech sector rally. No specific news or catalyst explains Alphabet's gain, indicating investor interest is fo...
