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Alphabet's Google Cloud business is booming. The cloud unit raked in $11.4 billion in Q3, a 35% year-over-year increase. Google Cloud is now a major contributor to the company's overall profitability.
Revenue from Google Cloud was up 30% to $12 billion, though that was a bit below the $12.2 billion that analysts had expected. ... but Alphabet stock had run higher ahead of the earnings report ...
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock got a small lift on Tuesday, rising 2% higher through 10:30 a.m. ET. The move came in response to President Trump, in one of his first acts in office ...
However, the negative AI news has not hurt its stock as much as some might assume. Since the release of GPT-4o on May 13, 2023, Alphabet stock has earned a total return of 65%.
The stock surge helped push Alphabet shares to their highest level since July. Company shares have been under pressure in recent months due to investor concerns that Google will be broken as part ...
The parent company of Google, Alphabet, saw its share price open on Wednesday more than seven per cent lower than Tuesday’s close, following their latest financial results release.
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The news was the latest sign of regulatory aggression toward Alphabet, and the stock was down 4.6% as of 9:56 a.m. ET. An investor clicking on a search bar. Image source: Getty Images.