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Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet, Reddit and Snap lifted investor optimism ahead of reports from Amazon and Meta Platforms. Alphabet's stock rallied 4% in extended trade after it topped quarterly revenue expectations, helped by steady growth in its digital advertising business and an AI-driven jump in demand for its cloud services. Meta Platforms and Amazon, both rivals of Alphabet in advertising and AI, each gained over 1% following the Google owner's report...
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A new report about OpenAI's hardware strategy just powered significant gains for AMD stock...
Continue ReadingAlphabet reported third-quarter earnings and revenue that beat Wall Street estimates. The Google parent posted earnings of $2.12 a share for the period ending Sept. 30. Last year, Alphabet reported revenue of $76.69 billion...
Continue ReadingAlphabet Inc. (NASDAQ:GOOG) Q3 2024 Earnings Conference Call October 29, 2024 4:30 PM ETCompany ParticipantsJim Friedland - Senior Director, Investor.....
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Alphabet stock rose about 5% in afterhours trading as the parent company of Google reported accelerated revenue growth thanks to strong results in its cloud-computing division. Some of the key figures from Alphabet's results: Total revenue was $88...
Continue ReadingAlphabet (GOOG) delivered earnings and revenue surprises of 15.85% and 2.34%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?...
Continue ReadingAlphabet (GOOGL) delivered earnings and revenue surprises of 15.85% and 2.34%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?...
Continue ReadingAfter Alphabet's (GOOG, GOOGL) earnings showcase on Tuesday, Microsoft (MSFT) and Meta Platforms (META) are the next Magnificent Seven tech stocks to report their third quarter results on Wednesday, October 30. Other companies reporting earnings include Eli Lilly (LLY), Coinbase (COIN), and DoorDash (DASH). Lastly, economists are estimating US pending home sales to have climbed 1.8% in September. The US economy's third quarter GDP (gross domestic product) print is due out tomorrow morning To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan...
Continue ReadingGoogle won't ship tech from Project Astra, its wide-ranging effort to build AI apps and “agents” for real-time, multimodal understanding, until next year at the earliest. Google CEO Sundar Pichai revealed the timeline in remarks during Google's Q3 earnings call Tuesday. "[Google is] building out experiences where AI can see and reason about the world around you," he said. "Project Astra is a glimpse of that future. We’re working to ship experiences like this as early as 2025." Project Astra, whi...
Continue ReadingMusk's campaigning for Trump and references to an upcoming Department of Government Efficiency (D.O.G.E.) has pumped the crypto's price...
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