Shares of Google parent Alphabet (GOOGL) tumbled Wednesday as several analysts lowered their price targets for the stock, citing concerns about the tech giant's weaker-than-expected cloud growth and plans to ramp up spending on AI.
Facebook's parent is a Wall Street darling, despite spending billions on AI. There's a good reason why.
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John Belton, Gabelli Funds portfolio manager, joins 'The Exchange' to discuss the market's reaction to Alphabet, where the company is in the business cycle, and much more.
Alphabet has seen ‘one of the more negative reactions to earnings reports this earnings season,' says Bespoke Investment Group
Ed Butowsky says he would "absolutely" buy Alphabet (GOOGL) on its post-earnings dip. He believes the company has "built-in" safety measures that will keep it from seeing critical selling action.
Google parent Alphabet's stock plunged by more than 8% in early trading Wednesday after the search giant unveiled plans for a massive uptick in AI-related spending despite a slowdown in revenue.
Alphabet's fourth-quarter 2024 results benefit from strength in Search, advertising revenues and Google Cloud.
Shares of Alphabet (GOOG -7.90%) (GOOGL -8.19%) were moving lower Wednesday morning after the tech giant reported fourth-quarter revenue that was slightly below estimates and its slowest top-line growth of 2024. Investors were also disappointed by the slowing growth of its cloud computing business.
Results from Google owner Alphabet Inc (NASDAQ:GOOG) sent the shares down over 8% on Wednesday, though analysts highlighted there were many moving parts that made appraisal hard. Investors seemed perturbed that the Cloud segment delivered revenue growth below expectations, offsetting the earnings beat.
Google on Wednesday released the Gemini 2.0 artificial intelligence model suite to everyone. The continued releases are part of a broader strategy for Google of investing heavily into "AI agents" as the AI arms race heats up among tech giants and startups alike.
Google aims to release commercial quantum computing applications within five years, Google's head of quantum told Reuters on Wednesday, in a challenge to Nvidia's predictions of a 20-year wait.