Google-Parent Alphabet Plunges 7% In Wednesday Pre-Market: What's Going On?
The shares of Alphabet Inc. (NASDAQ: GOOG) took a 6.9% hit in pre-market hours trading following the company's Q4 2024 earnings announcement on Feb. 5. Despite reporting revenue growth, Alphabet's cloud revenue fell short of market expectations,
Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
From a purely business financials perspective, a large part of the reason for the sell-off stemmed from slowing growth in data centres revenue. Google’s cloud business is a huge money driver and posted a 30 per cent increase in revenues, totalling nearly $12bn (£9.6bn).
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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Despite the threat of DeepSeek, CEO Sundar Pichai said the company expected to spend about $75 billion in capital ...
Alphabet's fourth-quarter earnings showed slowing growth in its Cloud Services business and a bigger-than-expected capex ...
In the past week of trade, the shares of Google's parent company lost a cumulative of 7.33 per cent or USD 14.81. This took ...
2don MSN
Search remains Google's most important business. The impact of AI on the company's cash cow remains an open question.
Shares of Google parent company Alphabet (GOOGL) are down 7% after the technology company reported fourth-quarter 2024 ...
Futurism on MSN2d
Google's Finances Are in Chaos as the Company Flails at Unpopular AIGoogle's parent company Alphabet failed to hit sales targets, falling a 0.1 percent short of Wall Street's revenue ...
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