Reported 29 days ago
Alphabet's stock jumped 6% after reporting better-than-expected Q3 earnings, with earnings per share at $2.12 and revenue of $88.27 billion, driven by a 35% increase in cloud revenue. The company's investment in AI is gaining traction, attracting new customers and enhancing user experience in search functions, despite rising competition from other tech giants. This performance positions Alphabet ahead as it navigates increasing investments in AI and cloud infrastructure.
Source: YAHOO