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Alphabet (GOOG, GOOGL) shares climb higher after the Google parent company reported third quarter results that beat Wall Street’s expectations on the top and bottom lines adding confidence that the company’s artificial intelligence investments are paying off. Harvest Portfolio Management CIO and Wall Street Beats partner Paul Meeks joins Seana Smith and Brad Smith to break down the results. Meeks tells Yahoo Finance while he was "favorable" on the overall results, he was “disappointed in year-to-year revenue growth in digital ad sales of only 10%,” but “Google Cloud absolutely knocked it out of the park, growing 35% year-to-year.” The portfolio manager says that results from other cloud hyperscalers, namely Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Oracle (ORCL) Cloud infrastructure, may show that Google Cloud took market share. Alphabet’s new CFO Anat Ashkenazi emphasized cutting costs as a key priority, especially as the company continues to invest in AI. Meeks says, “You want to have a CFO spending on the right things but not spending foolishly. So that comment that she made was right out of central casting.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
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Investing.com -- Google owner Alphabet (NASDAQ:GOOGL) reported third-quarter results that topped Wall Street estimates as the search giant's advertising revenue climbed, easing concerns about the threat of competition from artificial intelligence search products...
Continue ReadingWondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores...
Continue ReadingGoogle's parent company said it expects its capital spending to increase substantially in 2025. That's good news for chip makers...
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The Nasdaq Composite (^IXIC) holds just above its flatline, while the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) slip lower at the market open. Magnificent Seven member Alphabet (GOOG, GOOGL) blew past earnings estimates as Big Tech peers Microsoft (MSFT) and Meta Platforms (META) prepare to unveil earnings after Wednesday's closing bell. Morning Brief's Brad Smith and Yahoo Finance markets and data editor Jared Blikre monitor the morning moves in the major market indexes, checking out the action surrounding Treasury yields (^TYX, ^TNX, ^FVX), Alphabet, Eli Lilly (LLY), and gold prices (GC=F). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan...
Continue ReadingGoogle stock rose after parent Alphabet reported Q3 earnings that beat estimates as internet search advertising growth topped expectations...
Continue Reading(Bloomberg) -- Google parent Alphabet Inc. is showing an expensive foray into artificial intelligence is starting to pay off, delivering better-than-expected sales for its cloud-computing business and driving more usage of its flagship search engine.Most Read from BloombergNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictA South Korean City Plays Matchmaker to Tackle a Fertility CrisisInside NYC’s Playbook...
Continue Reading“There is a platform out there that you might not have heard about, but you need to know about it because, in my opinion, we are behind the eight ball here. A child is gone. My child is gone.”...
Continue ReadingCognizant (CTSH) has signed a strategic collaboration agreement with Amazon (AMZN) Web Services, or AWS, with plans to deliver advanced technology solutions and cloud computing services, focused on enhancing smart manufacturing capabilities for global enterprises across industries. This latest expansion of Cognizant’s collaboration with AWS is designed to meet the growing market demand for Internet of Things, data, artificial intelligence and cloud adoption in Industry 4.0 applications, such as...
Continue ReadingGoogle-parent Alphabet (GOOG, GOOGL) and chip giant Advanced Micro Devices (AMD) both reported their respective earnings results after Tuesday's market close. The Big Tech earnings train continues with Magnificent Seven members Microsoft (MSFT) and Meta Platforms (META) to come out with results after the bell today. Eli Lilly (LLY) shares tumble in pre-market trading after missing third quarter earnings estimates and cutting its guidance as sales of GLP-1 weight-loss drugs fall short of Wall Street expectations. Initial readings on US GDP (gross domestic product) see expansions of 2.8% in the third quarter, just shy of economist estimates for a 2.9% quarter-over-quarter rise. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan...
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