Reported about 17 hours ago
Alphabet's stock surged over 6% after the company announced its Q3 earnings, which exceeded Wall Street's expectations with revenues of $102.4 billion. The growth was driven by a 34% increase in Google Cloud revenue, attributed to demands for AI services. Despite rising AI competition from OpenAI, Google's Search business also saw a revenue boost, indicating that AI is benefiting various segments of the company.
Source: YAHOO