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Cloud Stocks: Alphabet Bets on AI | Sramana Mitra

Alphabet aka Google (Nasdaq: GOOG) recently reported its third quarter results that surpassed market expectations. Like Meta, Google is also benefiting from a rebound in digital advertising spend. Despite the growth, the market was not too pleased with the outlook that the company provided, sending its stock falling 7% in the extended trading session. Alphabet's Financials Alphabet's third quarter revenues grew 11% to $76.69 billion, ahead of the market's forecast of $75.97 billion. Net income grew from $13.9 billion last year to $19.7 billion. Adjusted earnings were $1.55 per share, again surpassing the market's forecast of $1.45 for the quarter. Revenue from YouTube advertising was $7.95 billion compared with the market's estimate of $7.81 billion. Google Cloud revenue was $8.41 billion, falling short of the market's estimates of $8.64 billion. While the cloud segment failed to meet market expectations, it still grew 22% and had an operating profit of $ ....

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Google Announces Expansion of AI Partnership with Anthropic

/PRNewswire/ Google today announced an expansion of its partnership with Anthropic, committing to the highest standards of AI security and safety, and that. ....

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Google Cloud income rises as Pichai pushes AI everywhere

Google parent company Alphabet, which is celebrating the 25th anniversary of the founding of Google, reported solid momentum in its cloud business on Tuesday, with $8.4 billion in quarterly sales. ....

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Alphabet Inc. (NASDAQ:GOOG) Q3 2023 Earnings Call Transcript

Alphabet Inc. (NASDAQ:GOOG) Q3 2023 Earnings Call Transcript October 24, 2023 Operator: Welcome, everyone. Thank you for standing by for the Alphabet Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand […] ....

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Google Cloud hits US$8.4B in sales as Pichai touts AI

Google Cloud hits US$8.4B in sales as Pichai touts AI
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