S&P 500, NASDAQ Notch Record Highs on Alphabet Surge
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AI, GOOGL and Alphabet
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Alphabet's undervaluation, strong fundamentals and growth in Google Cloud and AI offer long-term upside. Read here for more on GOOG stock.
Most leaders in the tech industry owe their wealth to founding equity stakes in their platforms, which Google’s Sundar Pichai does not have.
Alphabet shares rose more than 3% in early trading on Thursday as the Google parent's earnings underscored a key message to investors: AI spending is climbing, but so are the returns.
Alphabet Inc.'s $85B AI capex is backed by a $106B cloud backlog, showcasing tangible ROI. Click for my updated look at GOOGL stock post Q2 earnings.
Alphabet Inc. said demand for artificial intelligence products boosted quarterly sales, and now requires an extreme increase in capital spending — heightening pressure on the company to justify the cost of keeping up in the AI race.
Shares of Alphabet (GOOGL) look poised for gains today. The Google parent on Wednesday posted better-than-estimated quarterly results, driven by rising cloud and search sales, and announced it would boost AI-fueled capital spending by $10 billion this year.