Tag GOOGL
Tech stocks to watch going into November 2024...
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↗️ Alphabet (GOOGL, GOOG): Google's parent said revenue jumped 15% last quarter, as the AI boom bolstered its cloud-computing division. Shares rose more than 6% in morning trading. ↘️ Advanced Micro Devices (AMD): Shares of the chip maker declined 9% after its quarterly revenue outlook fell short of expectations...
Continue ReadingInvesting.com --- Google parent Alphabet (NASDAQ:GOOGL) highlighted with its third quarter earnings report Tuesday night that it spent $13.1 billion on capex in the quarter, up 62% from the $8.1 billion spent in the same quarter last year. Further, Google expects to spend the same amount on capex in the fourth quarter. All in, this suggests Google’s 2024 total capex spending of $51.4 billion, up 59% from last year. Looking to 2025, Google said capex will again increase but not at the same level...
Continue ReadingGoogle's impressive earnings and growth in diverse segments drive shareholder returns and position it for outperformance in the market. Read more here...
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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...
Continue ReadingInvesting.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...
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Continue ReadingGoogle's parent company said it expects its capital spending to increase substantially in 2025. That's good news for chip makers...
Continue ReadingThe 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...
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