The company's profits are exploding as Google rolls out AI features across its products.Shares of Alphabet (GOOG -3.33%) (GOOGL -3.37%) surged to new highs following its first-quarter earnings report. The company posted double-digit growth in revenue and earnings, driven by Search, YouTube, and Cloud. Alphabet also announced its first quarterly dividend of $0.20 per share and a new $70 billion share repurchase plan.JPMorgan was one of several analysts raising their price targets. The firm upped its price ta ...

Artificial intelligence helped drive Alphabet's Q1 results.Shares of Alphabet (GOOG -3.03%) (GOOGL -3.08%) soared to new highs following its first-quarter earnings report. This is a continuation of the momentum the stock has seen over the past year, with its shares up over 60% during that stretch.Here's a look at why Alphabet shares were climbing following its Q1 earnings report and, more importantly, whether or not it's too late to buy the stock following its strong gains.Alphabet as an AI companyOn its ea ...

Have you evaluated the performance of Alphabet's (GOOGL) international operations for the quarter ending March 2024? Given the extensive global presence of this internet search leader, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place g ...

These top investors are big backers of the "Magnificent Seven."Jim Simons, Ray Dalio, and Israel Englander are some of the most successful investors in history.All three are billionaires, and their respective hedge funds -- Renaissance Technologies, Bridgewater Associates, and Millennium Management -- have made thousands of investors rich along with them.In investing, there are no bonus points for originality, so it pays to study the masters. In fact, thanks to the 13F filings required by the Securities and ...

We have Apple and Amazon on deck to report Q1 results this week, and we will need to wait a few more weeks before we see Nvidia’s numbers. But we have already seen Q1 results from the other four members of the ‘Magnificent 7’ group: Alphabet (GOOGL) , Microsoft (MSFT) , Meta (META) , and Tesla (TSLA) .It is hard to find any weakness in the Microsoft and Alphabet reports, and the market’s reaction to these two reports shows that investors agree with that assessment. The Alphabet report appears to reassure in ...

Alphabet (GOOGL)  made headlines in Friday’s trading session after crushing its first quarter earnings expectations yesterday evening and helping the broader indexes cap off a strong rebound.  Surging more than +10% today, Alphabet shares were boosted by news that the tech giant will be paying its first-ever dividend along with its board of directors approving $70 billion in stock buybacks.Let’s review Alphabet’s captivating Q1 report and see if now is a good time to buy into the strong post-earnings rally ...

The Nasdaq-100 (NDX) is heading toward its best week since early November. Helping the tech-specific index stick the landing today is a cool 10.5% pop from Alphabet Inc Class A (NASDAQ:GOOGL). The tech conglomerate was last seen trading at $172.17, and earlier hit a record high of $174.17, after parent company of Google reported a first-quarter earnings and revenue beat, announced a $70 billion stock buyback plan, and unveiled its first dividend. GOOGL has staged quite the bounce off its 200-day moving aver ...

Alphabet’s (GOOGL) first-quarter 2024 earnings of $1.89 per share beat the Zacks Consensus Estimate by 26.8%. The figure grew 61.5% year over year.Revenues of $80.54 billion increased 15% year over year (16% at constant currency).Net revenues, excluding total traffic acquisition costs (“TAC”) (the portion of revenues shared with Google’s partners, and the amount paid to distribution partners and others who direct traffic to Google’s website), were $67.6 billion, which surpassed the consensus mark of $66.04 ...

Key PointsAlphabet stock is surging in the pre-market after the company delivered a double beat and announced its first-ever dividend. The report is allowing Alphabet to change the narrative after a rough first quarter that had investors questioning the company’s leadership in AI. With analysts bidding the stock higher, GOOGL will likely recover its $2 trillion market cap. 5 stocks we like better than AlphabetAlphabet Inc. NASDAQ: GOOGL got a much-needed win from its first-quarter earnings report. Shares of ...

Key PointsAlphabet shares hit a new high earlier this month and have managed to stay effectively flat amidst all the selling. It’s a similar story with Exxon, who are already moving higher again from a minor dip two weeks ago. Wells Fargo is another one with a ton of upside potential, and investors should be watching closely.5 stocks we like better than Exxon MobilWith the S&P 500 index, and equities in general, having had their worst run of red days so far this year, almost every stock has seen losses in r ...