Why Alphabet (Google) Is Still A Great AI Stock For 2024 and Beyond [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
The latest surge higher comes on the back of another solid earnings report as the internet search titan seemingly prints cash quarter after quarter. In this new bull market fueled by artificial intelligence (AI) computing infrastructure, Alphabet could have a massive advantage over the competition. It already has one of the world's most powerful installed base of computing power via a sprawling fleet of data centers and communications networks. As new ways to monetize AI are unlocked (like via the cloud , for example), Alphabet stock could still be a great buy for 2024 and beyond. Alphabet has cash to spend on AI hardware For Q1 2024, Alphabet's internet empire reported a 15% year-over-year increase in quarterly revenue to $80.5 billion. That's all fine and well, but the real story here was the operating income profit margin, which increased from 25% in Q1 2023 to 32% in Q1 2024. The result was a massive 47% increase in operating profit to $25.5 billion, and 62% surge in earning
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- Here's How to Play Minecraft in Google for Its 15th Anniversary [CNET News]CNET News
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- 4/25/24 - Beat
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Sec Filings
- 5/16/24 - Form PX14A6G
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- GOOG's page on the SEC website