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Evercore ISI analyst Mark Mahaney cheered a "standout quarter" for Alphabet, as Google Cloud "absolutely crushed it" and advertising trends looked strong as well. All that said, he sees Alphabet as a ...
11hon MSN
Google’s AI push pays off with solid second quarter, but doubts about company’s future persist
Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background.
Google parent Alphabet unveiled a $70 billion share buyback and beat quarterly revenue estimates on Thursday, benefiting from steady growth in its digital advertising business.
Alphabet's plans to spend $10 billion more on capital expenditures this year than previously forecast seem "un-Googly," according to Bernstein analyst Mark Shmulik. And that might be holding the stock ...
Revenue from Google’s mainstay ad business, which makes up about 75% of its overall revenue, rose 8.5% to $66.89 billion. The company also said it will buy back $70 billion stock.
CNBC's MacKenzie Sigalos joins 'Halftime Report' to discuss Alphabet earnings ahead of the company reporting after the bell.
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