Alphabet, Wall Street
Digest more
Alphabet was targeted with an EU antitrust complaint from six human and digital rights groups on Thursday which urged EU regulators to investigate whether the tech giant complies with legislation requiring it to make it easier for users to uninstall software apps.
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 is trading at a significant discount to peers despite superior profitability and growth outlook. Click here to see why GOOGL stock is a Buy.
Alphabet CEO Sundar Pichai has officially become a billionaire, with his net worth reaching $1.1 billion, according to the Bloomberg
The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight artificial intelligence stocks, while Tesla slumped after the electric vehicle maker's results disappointed investors.
Explore more
Google’s parent company, which is facing aggressive competition in its core search business from A.I. chatbots, also posted a double-digit profit increase.
AI upstarts were supposed to lay siege to Google’s search-engine dominance. So far, the defense is winning, writes Asa Fitch, following second-quarter results from parent company Alphabet. A: Google’s
Alphabet Inc.'s Q2 saw 12% revenue growth, fueled by Google Cloud's 20.7% margins and AI adoption. Click for my updated look at GOOGL stock post earnings.
The company increased its capital expenditures for 2025 by $10 billion due to “strong and growing demand for our Cloud products and services.”
We’ll continue investing in the people, talent and compute needed to make sure that we are set up for the opportunity ahead,” said CEO Sundar Pichai.
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.