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SAN FRANCISCO — Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.Microsoft saw its shares rise more than 3 per cent to $341.11 on earnings that underscored the momentum of its cloud business.Alphabet share prices, however, slipped more than 5 per cent to
(Bloomberg) -- Alphabet Inc.’s cloud computing unit reported a smaller than expected profit, raising concerns about the company’s position in a market that is critical to its future. Shares of Alphabet fell as much as 7.2% in late trading.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapNobody Wants Mutual Funds NowAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Ousts Defe
Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence. Alphabet reported a quarterly profit of $19.7 billion, powered by money taken in from ads, YouTube, and cloud services.
Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.
Google parent Alphabet on Tuesday reported a quarterly profit of $19.7 billion, powered by money taken in from ads, YouTube, and cloud services.