Alphabet Inc. reported ~$20B Cloud revenue in Q1, growing 63% YoY and significantly outpacing overall company topline expansion. Google Cloud backlog surged to ~$462B, nearly doubling QoQ, with over 50% expected to convert into revenue within 24 months. Enterprise AI adoption accelerated sharply, with AI-driven product revenue up ~800% YoY and new client acquisition doubling during Q1.
Alphabet on Tuesday disclosed that it was selling euro-denominated bonds across six tranches, months after it raised about $32 billion in debt by tapping the dollar, sterling and Swiss franc markets.
UK Google DeepMind employees have voted to unionize over the company's AI military deals. The move was sparked by Google's deal with the Pentagon and its work with Israel.
Waymo CEO Dmitri Dolgov said tech breakthroughs spark hype cycles where startups rush in but don't last. He said that to survive beyond one hype cycle, startups should work on addressing complex edge cases.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) just delivered a standout Q1, and our model points to additional upside.
Alphabet (NASDAQ: GOOGL) trades at $344.40, while Wall Street's consensus price target sits at $377.29, implying the stock has roughly 9.5% upside.
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Explore how Alphabet's (GOOGL) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Zacks.com users have recently been watching Alphabet (GOOG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Alphabet (GOOGL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Alphabet Inc. logs its best month since 2004 on cloud and AI strength. ETFs offer exposure as rising capex and debt spark caution.
On April 27, more than 600 Google employees signed a letter urging CEO Sundar Pichai to prevent the Pentagon from using the company's AI products for classified operations. Google had spent the previous months building a closer relationship with the US Defense Department after a few frosty years.