Alphabet was falling on Wednesday as it shocked the market with its heavy spending plan. Wall Street analysts say it can still show a return on investment.
Alphabet GOOGL.O said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue ...
However, the tech giant said it would spend more than Wall Street expected on AI. Alphabet shares ended down more than 7%, but investors quickly pivoted to other AI-related shares to pick up some ...
Alphabet's revenue for its total advertising business came in at $72.5 billion in the fourth quarter, up 10.6% year over year, and slightly above Wall Street's estimates.
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Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China.
Alphabet is the cheapest Mag 7 stock, with a forward P/E ratio of only 18.2 for the fiscal year ending 2026. Click here to ...
US stocks reverse early losses to end higher on Wednesday despite Alphabet's drop. Investors shift to other firms with strong outlooks. Nvidia gains.
NEW YORK (AP) — Wall Street drifted higher Wednesday as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 ...