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Google's parent Alphabet breaches $2 trillion in market value

Al Jazeera

Google parent Alphabet Inc. rallied Monday to breach $2 trillion in market value for the first time, fueled by a rebound in spending on digital ads and growth in its cloud business. Its Class A shares gained as much as 1.2% to a record high, with the stock extending a recent rally to a fifth session. Alphabet is the top performer this year among the five biggest U.S. tech stocks by sales, with a 70% advance fueled largely by the growth in Google's advertising business. The share-price gain puts the company in an exclusive club alongside Apple Inc. and Microsoft Corp., the latter of which also reached the $2 trillion milestone this year. The Google parent hit $1 trillion in value for the first time in January 2020.


3 Top Artificial Intelligence Stocks to Buy in September

#artificialintelligence

Many people have probably heard of artificial intelligence but may be unsure exactly what AI entails. AI occurs in two phases; the learning or training phase, in which case an algorithm is "taught" how to react to incoming information from troves of past data. The second phase is the "inference" phase, in which case a machine reacts to a prompt based on its learning without human interaction. Along the way, there's quite a lot of software, processors, and memory that make all of this work, and there are a lot of companies directly or tangentially involved. One thing's for sure: The AI revolution is taking off and is bound to make many companies rich in the 2020s.


IBM vs. Alphabet: Which Is the Better Buy? -- The Motley Fool

#artificialintelligence

Over the last 20 years, the growth of the internet and the subsequent emergence of mobile and cloud computing have disrupted IBM (NYSE:IBM). As IT spending at companies has shifted to the cloud, Big Blue has scrambled to shed old assets and invest in new technologies to pave the way for growth. But the damage has been done: Over the last five years, shares of IBM have badly trailed the broader market, down 24% compared to the S&P 500 return of 51%. On the other side, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) has emerged as one of the most dominant companies in the world. The stock has doubled in the last five years, beating the broader market.


Google parent Alphabet misses estimates on YouTube, Europe ads

Al Jazeera

Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts' expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. The shares declined about 6% in extended trading. The company also announced a $70 billion share buyback program. Revenue, excluding payouts to distribution partners, increased 20% to $56 billion in the period ended March 31, Alphabet said Tuesday in a statement. Analysts, on average, projected $56.1 billion.


Google parent Alphabet profit leaps on ad growth

The Japan Times

SAN FRANCISCO – Google parent Alphabet reported a surge in quarterly profits, lifted by strong growth in the digital advertising segment it dominates along with Facebook. Profit in the first three months of 2018 soared more than 70 percent from a year ago to $9.4 billion (about ¥1.02 trillion), Alphabet said Monday in an earnings report that was well above forecasts. Revenue at the California-based internet giant during the first three months of this year was $31.1 billion, up 26 percent from the same period last year. Alphabet shares slipped slightly in after-market trading following the release of the earnings report, evidently on investor concerns about growing costs. "The all-important advertising revenues came in ahead of Street expectations although the bulls were hoping for a bigger beat," GBH Insights head of technology research Daniel Ives said in an analyst note.