Wall Street Breakfast: Big Tech Stunner [Seeking Alpha]
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: Seeking Alpha
Big Tech stunner While Meta's ( META ) heavy AI spending and light revenue outlook alarmed investors , huge investments in the new technology from other Big Tech players Alphabet ( GOOG GOOGL ) and Microsoft ( MSFT ) are paying off. Both companies reported earnings that topped expectations across the board, cementing their dominance in the AI field and convincing investors that their huge AI bets are reaping more immediate returns. Search strength: Alphabet surged by double digits AH on Thursday - GOOG GOOGL - after its Q1 results easily cleared analyst expectations, with strong performance particularly at YouTube. The tech giant also rewarded investors with its first ever dividend and announced a $70B stock buyback. "Our results reflect strong performance from Search, YouTube and Cloud," said CEO Sundar Pichai. "We are well under way with our Gemini era and there's great momentum across the company." He also noted that Google's AI offerings boosted core search results in the qua
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GOOG
Earnings
- 4/25/24 - Beat
GOOG
Sec Filings
- 5/6/24 - Form PX14A6G
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GOOG's page on the SEC website