Google-parent Alphabet soars as rivals stumble over AI costs [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
TIMOTHY A. CLARY/AFP/AFP Google-parent Alphabet impressed Wall Street with its latest quarterly earnings on Wednesday, as big tech rivals Microsoft, Meta and Amazon left investors lukewarm amid concerns about the huge cost of AI development. The earnings come as AI titans pump billions of dollars into cloud computing and artificial intelligence, vying to lead in technology that they insist will transform all aspects of life. Shares in Alphabet rose by more than six percent in after-hours trading as investors lauded the company's success in making the pivot to AI and solid revenue across its major divisions. The tech giant reported that it made a profit of $62.6 billion on revenue just shy of $110 billion, easily eclipsing the same period a year earlier and beating market expectations. Shares of Alphabet, maker of Gemini AI, have risen 26 percent in the past six months while rivals Meta and Microsoft have watched their shares dive nearly 11 percent and 22 percent respectivel
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- 4/29/26 - Beat
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- GOOG's page on the SEC website