Reported 1 day ago
Alphabet (GOOG) reported impressive Q2 earnings, with revenues up 14% year-over-year to $96.4 billion, beating analyst expectations. Despite only a slight stock increase of 1% post-earnings, factors such as a rise in capital expenditure guidance and regulatory concerns weigh on investor sentiment. Key highlights include strong growth in Google Search and YouTube revenues, as well as 32% growth in cloud services driven by AI. Analysts remain positive, with a target price suggesting a potential 29.4% upside for GOOG stock.
Source: YAHOO