The latest trading day saw Alphabet (GOOGL) settling at $176.77, representing a +1.2% change from its previous close.
Alphabet Inc. (GOOG) concluded the recent trading session at $177.94, signifying a +1.17% move from its prior day's close.
For an uncomfortable stretch on Thursday, a self-inflicted outage wiped out popular websites and services, including Google's own.
Alphabet Inc. is undervalued as search remains highly sticky, with significant user switching costs and dominant market share unlikely to erode quickly. AI competition fears are overstated; Alphabet's Gemini and proprietary TPUs provide a cost and performance edge, supporting future growth and monetization. Antitrust risks are manageable, with forced divestitures unlikely and probable remedies having limited impact on Alphabet's core business or profitability.
Google on Friday apologized for a major outage that the company said was caused by multiple layers of flawed recent updates. The company released an incident report late on Friday that explained hours of downtime on Thursday.
Alphabet Inc.'s Q1 FY2025 results crushed estimates, with EPS up nearly 49%, showcasing robust growth despite market fears of it being an "AI-disrupted" entity rather than an "AI enabler." Google Search remains resilient, with 10% YoY revenue growth and 1.5 billion monthly AI Overview users, challenging narratives of its decline against LLM competitors like ChatGPT. Google Cloud is a rapidly expanding profit engine, boasting 28% YoY revenue growth and a significant operating margin jump, solidifying its position as a key AI player.
Shares of Alphabet NASDAQ: GOOGL are officially back in bull market territory, having surged more than 25% off their 52-week low and reclaimed the key 200-day simple moving average (SMA). While geopolitical tensions, such as Israel's recent strike on Iran and escalating fears of a broader conflict, have weighed on markets this morning, with GOOGL down around 2% in pre-market trading at the time of writing, the bigger picture suggests the stock may be staging a durable turnaround.
Alphabet's Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters.
The problems swept across major services and websites for an uncomfortable stretch on Thursday before recovery began kicking in.
Key Points Alphabet hasn't been paying dividends for very long, and the annual yield isn't impressive.
Alphabet (GOOG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Alphabet (GOOGL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.