Alphabet Revenue up 15% as AI, Cloud Growth Has GOOGL Surging
One of the strongest companies in the world is only getting stronger, as Alphabet has seen its revenue increase 15% based on AI and cloud-computing growth that has GOOGL stock price surging. Wednesday trading has seen the stock increase more than 6% in value on the heels of strong earnings data. The company had far exceeded projections and noted growth in its two most important areas. Although the price was down 1.7% by midday Thursday, it had still touched highs of $176 as it showcased its strength. Now, all eyes are on how this report sets the stock up for the eventual turning of the calendar year. Source: Search Engine Journal Also Read: Alphabet (GOOGL) Stock: Jim Cramer vs. Brian White – Who’s Right? Alphabet On the Up and Up After Strong Q3 Data In 2024, the stock market has shown a clear value of AI and cloud technology. With Nvidia (NVDA) up almost 200%, investors are betting on the continued growth in the space, with increased demand alongside it. The prevalence of those two s...