Google’s Stuck Between Wall Street Disappointment and China’s Antitrust Probe
“The cloud division’s importance is critical in driving AI services and applications,” said Jay Woods, chief global strategist for Freedom Capital Markets. “Investors were hoping to see more bang for their buck and were disappointed.”
Is Google's spending target spooking Wall Street?
One thing analysts called out in their first-look notes on Alphabet's results was that the company's $75 billion capital-expense forecast came in higher than what many were modeling. The target was "well above Street expectations" for about $60 billion,
Google parent Alphabet slides after sales miss Wall Street estimates
Excluding traffic acquisition costs, that figure was $81.6bn, missing Wall Street estimates in a Bloomberg poll of $82.8bn. Net income rose 28 per cent to $26.5bn. Alphabet shares dropped more than 6 per cent in after-hours trading.
Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just misses analysts’ estimates of $12.2 billion.
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Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the ...
Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from Trump’s ...
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Google to invest $75 billion in 2025 to expand AI infrastructureAlphabet has been investing substantially in infrastructure development to support AI research and its integration into products like search and cloud services. The $75 billion figure slated for ...
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Alphabet (GOOGL), the parent company of Google, is scheduled to report fourth quarter results after the market close on Tuesday, February 4, ...
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AI Stocks Broadcom (AVGO) and Celestica (CLS) Soar after Google EarningsAI stocks are on the move after hours. The primary catalyst is earnings from Alphabet (Nasdaq: GOOGL). While Alphabet shares ...
Some calm is returning to Wall Street, and U.S. stock indexes are making only modest moves after much of Europe and Asia rose ...
Tech stocks plunged following disappointing earnings and guidance, with Google-parent Alphabet, Uber, and chipmaker AMD among ...
Shares of Google parent Alphabet had closed at an all-time high ahead of its fourth-quarter earnings report released Tuesday.
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