Alphabet's Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with competitive pricing to low-cost artificial intelligence models like that of Chinese rival DeepSeek.
Alphabet has been talking nonstop about AI. Now investors are looking for proof that the company's efforts are working.
Alphabet NASDAQ: GOOGL, Google's parent company, saw a February stock price dip, creating a compelling buying opportunity for investors. The move was driven by sentiment, not fundamentals, which have the company on track to grow in 2025.
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Shares in Google dropped by more than seven percent on Wall Street on Wednesday, a day after its latest quarterly earnings showed stalled growth in cloud and massive spending.
Alphabet Inc (NASDAQ:GOOGL) stock is dragging Wall Street after the Big Tech giant reported a fourth-quarter revenue miss as its Google Cloud segment lagged.
Alphabet was falling on Wednesday as it shocked the market with its heavy spending plan. Wall Street analysts say it can still show a return on investment.
A slew of major American technology stocks pulled back Wednesday, as the latest batch of fourth-quarter earnings and an increasingly complicated operating environment for multinational companies ate at Wall Street's risk appetite.
Here's our initial take on Alphabet's (GOOG 2.50%) fourth-quarter financial report.
Google parent Alphabet stock fell about 7% in pre-market trading Wednesday.
Alphabet shares dropped more than 7% after the search giant on a fourth-quarter revenue miss and high capital expenditures plans. The company plans to spend $75 billion on capital expenditures as it build out its AI offerings and races against megacap rivals to build out data centers and new infrastructure.
Shares in Google's parent company, Alphabet (Nasdaq: GOOG), are down nearly 7% in premarket trading at the time of this writing. The fall comes a day after Google announced its fourth-quarter 2024 earnings results.