Google parent, Alphabet, will report its Q3 on Wednesday, October 28. Ahead of the release, shares have been flat over the last month and are down about 2% since my last update prior to the Q2 print. I continue to view the forward outlook as positive, though I remain neutral on the stock.
Wall Street once bet that AI chatbots would destroy Google Search, and investors who bought through that fear were rewarded.
Google's AI spending has pushed free cash flow into negative territory, yet Wall Street sits nearly unanimous in its bullishness. Whether that conviction is justified depends on three things going right at once.
The decline came as federal regulators changed which fender-benders autonomous vehicle companies must report.
Sergey Brin said Google's Gemini models are increasingly helping to build their successors. Recursive self-improvement, or RSI, is the next big race in AI.
Both Alphabet and Amazon just posted accelerating cloud growth and are pouring tens of billions into AI infrastructure, but only one of them trades at a bargain multiple while controlling every layer of its own stack.
Google is renting compute from SpaceX for $920 million per month. The contract is 33 months, from October 2026 through June 2029, for a total value of about $30 billion.
Jio Platforms will raise up to 302 billion rupees ($3.2 billion) through an initial public offering of shares between Oct. 21 and Oct. 23. Jio's share sale will be India's largest ever in rupee terms, but the second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024.
Alphabet (GOOGL) reached $347.64 at the closing of the latest trading day, reflecting a -1.74% change compared to its last close.
Alphabet Inc. (GOOG) closed the most recent trading day at $343.56, moving 1.71% from the previous trading session.
Alphabet Inc (NASDAQ:GOOG)'s Google is expanding its Gemini artificial intelligence assistant with a new frontier model, integrated coding tools and customisation features designed to help users complete complex tasks and build applications. Gemini 4 Argon, the company's latest frontier model, began rolling out globally on October 13 to Google AI Pro and Ultra subscribers through the Gemini app.
EU Commission is in dialogue with Google, spokesperson says