Alphabet's stock has been on a torrid run. Some big investors don't agree about what to do with it now.
Two of the largest names in digital advertising have moved in opposite directions over the past month, and the gap is striking.
Alphabet Inc (NASDAQ:GOOG) is preparing to kick off its annual Google I/O developer conference on May 19, with Bank of America expecting a broad slate of artificial intelligence announcements that could reinforce the company's position at the forefront of the AI race. The keynote is scheduled for 10am PST.
Few mega-caps have shifted the narrative as decisively as Google (NASDAQ:GOOG | GOOG Price Prediction) has over the past year.
Alphabet delivered a strong double beat with Q1 revenue up 21.8% Y/Y and GAAP EPS of $5.11. GOOG's cloud backlog surged to $462B, cloud margins expanded to 32.9%, and AI-driven efficiencies lowered costs by over 30%. CapEx guidance increased to $195B for 2026, but robust backlog and expanding cloud margins mitigate margin risk concerns.
SpaceX's confidential S-1 filing sets the stage for a historic initial public offering. Targeting a valuation between $1.75 trillion and $2 trillion, a sharp premium to recent $800 billion private tenders, the aerospace manufacturer aims to raise roughly $75 billion.
Cash is suddenly king again on Wall Street.
YouTube CEO Neal Mohan said the Alphabet NASDAQ: GOOG video platform is continuing to lean on creators, subscriptions, connected TV and artificial intelligence as the core drivers of its business, while emphasizing that the company's overall strategy has remained consistent even as the media industry changes rapidly.
Matt Lowrie quit Google after 18 years, after feeling pressured to adopt AI at work too suddenly. He struggled to trust the technology or find joy in using it to code.
Commentary: Trying out Google's new Gemini-powered Fitbit makes me wonder if this is the killer companion for Google's upcoming glasses. I bet it will be.
A normally quiet Atlanta neighborhood has suddenly found itself flooded with traffic early in the mornings. It's not tourists.
Billionaire investor Bill Ackman said on Saturday that the sale of Google parent Alphabet's shares was not a bet against the company.