Shares of Google parent Alphabet (GOOG -1.14%) (GOOGL -0.98%) surged 35.5% in 2024, according to data from S&P Global Market Intelligence. Alphabet entered 2024 under a cloud of skepticism regarding its competitiveness in the artificial intelligence (AI) races and amid pressure from antitrust authorities.
Alphabet's AI advancements, including a 90% reduction in machine costs, position it as a leading player in AI-driven search transformation. The company's financial health is robust, providing cover to transform its search business with AI. Google Cloud's 35% YoY revenue growth and expanding operating margins highlight its potential as a significant growth engine alongside search.
Artificial intelligence (AI) innovations have helped push top tech stocks like Nvidia and Palantir Technologies to trade at elevated valuations. The massive gains many AI stocks experienced over a relatively short timeframe have contributed to the impression among some investors that they can no longer find inexpensive stocks in this select sector.
Google is joining tech companies like Amazon and Meta in donating to Donald Trump's inauguration. The search giant said it is giving $1 million, more than triple what it gave Trump in 2017.
Waymo co-CEO Tekedra Mawakana speaks with Bloomberg TV's Ed Ludlow at CES in Las Vegas about the company's plans to expand autonomous driving to major US cities and internationally. Sign up for the Tech Daily newsletter to get exclusive reporting and analysis on tech and AI: Click Here -------- More on Bloomberg Television and Markets Like this video?
Google donated $1 million to President-elect Donald Trump's inauguration fund. Other major tech companies and executives like OpenAI CEO Sam Altman and Meta both announced $1 million donations to the inaugural fund late last year.
A new year is upon us, which is also the time when you'll see a lot of writers pitching their best stock pick for the year. I'm not pitching my favorite idea for 2025, though.
A top Waymo executive said Wednesday the United States could lead globally on autonomous driving, expressing hope that a national standard under the incoming Trump administration would boost safety.
Tech giant Google is scheduled to be back in court Aug. 18, according to a Wednesday (Jan. 8) Reuters report. A federal judge in California denied a motion to dismiss a class action lawsuit alleging Google violated the privacy of both Android and non-Android mobile phone services users.
Alphabet Inc. (GOOG) concluded the recent trading session at $195.40, signifying a -0.67% move from its prior day's close.
In the closing of the recent trading day, Alphabet (GOOGL) stood at $193.88, denoting a -0.82% change from the preceding trading day.
Google failed to persuade a federal judge to dismiss a privacy class action claiming it collected personal data from people's cellphones after they switched off a button to stop the tracking, paving the way for a possible August trial.