Alphabet stuns with a 93% earnings beat as cloud and AI fuel growth, lifting shares and spotlighting ETFs with heavy exposure.
GOOGL's Cloud revenues surge 63% to roughly $20B on Gemini demand; AI product revenues rise nearly 800% and backlog above $460B fuels outlook.
Yesterday, two of the biggest tech giants in the AI boom reported their latest earnings.
Google announced on Thursday that it will begin rolling out Gemini to cars with Google built-in, marking a significant upgrade from the current Google Assistant. The move signals Google's push to bring more advanced, conversational AI into the driving experience.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) is breaking out to new highs after clocking in a fantastic quarterly earnings result that allowed it to “win” Wednesday's Super Bowl for earnings.
Big stock moves on Thursday followed big earnings beats out of Silicon Valley on Wednesday.
Wall Street is responding to Alphabet‘s (NASDAQ:GOOGL | GOOGL Price Prediction) blowout Q1 2026 report with a synchronized wave of price target hikes.
Yesterday, Alphabet Inc. put out its Q1 earnings and delivered strong results, with acceleration in revenue and earnings, both of which were far ahead of estimates. The cloud segment's performance was especially impressive, with revenue up 63% and earnings up 202%. However, not everything in the GOOGL release was great news. CAPEX surged to $35.6 billion, resulting in a year-over-year decline in free cash flow.
$4.5 trillion. That's Alphabet's market valuation as of Thursday's stock surge, ranking the Google parent just behind Nvidia ($4.9 trillion) as the world's largest company.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) reported Q1 FY2026 results after the close on April 29, 2026, and investors loved what they saw.
Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending on AI data centers continues to accelerate.
Shares of Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) are spiking higher in early Thursday trading after the search giant delivered a blowout Q1 2026 report.