Alphabet Inc (GOOG)
Alphabet: Google Cloud Miss Isn't As Bad As It Seems - I'm Buying The Dip
Alphabet's Q4 results were mixed, with EPS beating estimates but revenue slightly missing, leading to a 7%+ stock drop in after-hours trading. Google Cloud's revenue growth decelerated to 30% YoY, missing expectations, but operating income improved significantly. The slight miss in Google Cloud revenues was not due to a lack of demand but due to a lack of capacity to meet the high demand.
Google shares slide on spending plans despite sales jump
Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence.
Google pledge against using AI for weapons vanishes
Google on Tuesday updated its principles when it comes to artificial intelligence, removing vows not to use the technology for weapons or surveillance.
Google parent Alphabet rewrites AI principles
Alphabet Inc (NASDAQ:GOOG), Google's parent company, has rewritten its AI principles, removing a previous commitment not to use AI for weapons or surveillance. It has also dropped a rule against AI applications that are “likely to cause harm”.
$180 Billion wiped from Alphabet as AI cloud revenues disappoint
Alphabet Inc (NASDAQ:GOOG), Google's parent company, lost $180 billion in market value as its shares tumbled 7% in after-hours trading on Tuesday. The sell-off followed weaker-than-expected Q4 revenue and a big spending forecast that unsettled investors.
Alphabet shares fall 7% in Frankfurt after revenue miss
Alphabet shares fell 7.3% in Frankfurt on Wednesday a day after the company reported quarterly earnings that showed cloud revenue growth slowed and missed analyst expectations.
Alphabet Q4 2024 Earnings Update
Alphabet had a bit of a mixed earnings call. While there were some encouraging data points related to the future of search, their tone in the near-term outlook clamped down on the enthusiasm a bit. For the 10th consecutive quarter, Google Network's revenue went down. Cloud revenue growth decelerated from 35.0% YoY in 3Q'24 to 30.1% in 4Q'24. Google Services posted 39% operating margin and high 70s incremental operating margin. Google Cloud also posted its highest ever margin.
Google Is Set To Dominate The AI Era
Alphabet reported strong Q4 earnings with a 12% YoY sales increase, driven by Google Search, YouTube ads, and a 30% rise in Google Cloud revenues. GOOG's revenue slightly missed analyst expectations, leading to a sizable post-earnings dip. Google's current AI infrastructure buildout and $75b Capex commitment for 2025 position it as a dominant player in the AI era.
Alphabet's AI Bet: Google Plans Ads for Gemini Amid Slowing Growth
Google plans to insert ads in its Gemini multimodal model, following the recent addition of advertisements in the AI Overviews portion of its search engine as it seeks to recoup the high cost of processing AI workloads.
Google removes pledge to not use AI for weapons, surveillance
Google has removed a pledge to abstain from using AI for potentially harmful applications, such as weapons and surveillance, according to the company's updated "AI Principles." A prior version of the AI principles said Google would not use its AI technology for weapons or surveillance.
Alphabet Inc. (GOOG) Q4 2024 Earnings Call Transcript
Alphabet Inc. (NASDAQ:GOOG ) Q4 2024 Earnings Conference Call February 4, 2024 4:30 PM ET Company Participants Jim Friedland - Senior Director, Investor Relations Sundar Pichai - Chief Executive Officer Philipp Schindler - Senior Vice President & Chief Business Officer Anat Ashkenazi - Chief Financial Officer Conference Call Participants Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Eric Sheridan - Goldman Sachs Michael Nathanson - MoffettNathanson Mark Shmulik - Bernstein Ross Sandler - Barclays Justin Post - BAML Ken Gawrelski - Wells Fargo Operator Welcome, everyone. Thank you for standing by for the Alphabet Fourth Quarter and Fiscal Year 2024 Earnings Conference Call.
Google Parent Alphabet Plans to Spend $75B This Year, as Big Tech Goes All in on AI
Google parent Alphabet (GOOGL) said it plans to invest $75 billion in capital expenditures this year, as it joins Big Tech rivals in accelerating spending on artificial intelligence infrastructure.
