Alphabet bonds’ lack of guardrails highlights investor confidence Source link
‘The Big Money Show’ discusses the dump in software and data stocks after new AI tools spark disruption fears, destroying $300 billion in market value. Alphabet executives struck a confident tone on Wednesday’s post-earnings call, signaling that Google’s heavy investments in artificial intelligence are now translating into real revenue growth across the business. The call […]
Alphabet said rising demand for AI-powered services is driving growth across its businesses, even as investors question when massive industry-wide AI spending will translate into sustained returns. | Photo Credit: Dado Ruvic Alphabet said on Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google […]
Alphabet Inc. sales topped quarterly Wall Street estimates, fueled by a surge in demand for its cloud and AI services. Shares rose as much as 7.5% in extended trading. Alphabet CEO Sundar Pichai. Google Search ads brought in $56.6 billion in sales in July-September, as “search instance share losses to ChatGPT have moderated”. (Bloomberg) Third-quarter […]