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AI Was Supposed to Kill Google Search — Instead It Reignited Growth [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Google's Search engine is defying the two-year bear thesis that AI would cannibalize the business, with AI features deepening user engagement. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Google wasn't one of them. Get them here FREE Here's What Happened Alphabet NASDAQ:GOOG ) reported Q1 FY2026 results after the close on April 29, 2026, and investors loved what they saw. EPS came in at $5.11 against a $2.63 consensus, revenue topped estimates, and shares jumped 6.08% in early trading. The headline story might not have been Search -- the segment AI was supposed to kill -- but it outshone even Cloud's monster growth. AI Pours Gas on the Search Engine The bear case on Google for two years was simple: ChatGPT and generative AI would hollow out Search. The Q1 numbers say the opposite. Google Search & other revenue hit $60.40 billion, up 19% year over year, with management citing queries at all-time highs as AI Overviews and AI Mode pulled users deeper
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- Alphabet (GOOG) had its "outperform" rating reaffirmed by Scotiabank.[MarketBeat]
- Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand [CNBC][CNBC]
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