Alphabet
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Google's parent company Alphabet benefited from a strong online advertising business in the past quarter. Revenue rose by 15% year-on-year to $80.5 billion, Alphabet announced after the close of trading on Thursday. Analysts had expected an average of only around $79 billion. Profit rose to $23.66 billion from just over $15 billion a year earlier. The share price jumped by more than 12% at times in after-hours trading. Alphabet announced a dividend of $0.20 per share for the first time - and also held out the prospect of further dividend distributions in the future. Google's advertising revenu...
DPA Breaking News
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San Francisco (AFP) - Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence. Microsoft saw its shares rise more than 3 percent to $341.11 on earnings that underscored the momentum of its cloud business. Alphabet share prices, however, slipped more than 5 percent to $129.67 in after-market trades Tuesday despite beating overall earnings expectations as investors had evidently hoped Google Cloud would be doing better. "Google Cloud missed consensus revenue expectations on slowing...
AFP
San Francisco (AFP) - Tech titans Google and Microsoft announced better-than-expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. The release of ChatGPT last year landed as technology giants were embarking on major layoffs and cost-cutting plans, with share prices hammered after flying high during the coronavirus pandemic. For the second consecutive quarter, Microsoft has more than reversed the trend, seeing profits and sales soaring to the highest levels ever for the 48-year-old company co-founded by Bill G...
AFP
SemiconductorsSoftwareInternet & Computer ServicesSpecialized Consumer ServicesBroadline RetailersTelecommunicationsDefenseAutomotiveInvestors looking to boost their portfolio returns can start looking at these sectors for potential long-term growth. Key Drivers Of A.I. InvestmentsWhen investing for company growth, investors must understand the key drivers fueling the growing interest in the technology. For example: Potential to revolutionize company operations, enhance efficiency, reduce operating costs, and drive revenue growth. This includes automation and predictive analytics, personalized...
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In hisDaily Market Notes report to investors, Louis Navellier wrote: Jamie Dimon’s War RoomBanking woes continue, debt ceiling in focus, stocks giving back most of yesterday’s gains. Regional banks are seeing continued deposit outflows and the FDIC announced new fees to refill their depleted insurance fund with the major banks on the hook for 90% of it. The KRE regional banking ETF is down 2% this morning, -38% YTD. The debt ceiling discussion remains at an impasse with Biden still saying that he won’t budge off the existing budget plans and won’t entertain the budget cuts the House wants for ...
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