Why Alphabet Stock Is Rising Today

Core Viewpoint - Alphabet's stock is experiencing solid gains following strong first-quarter results that exceeded Wall Street expectations in both sales and earnings [1][2][3]. Financial Performance - Alphabet reported non-GAAP earnings per share of $2.81 on sales of$90.23 billion, surpassing analyst estimates of $2.01 per share on revenue of$89.15 billion [2]. - The advertising business generated $66.8 billion in revenue, exceeding the forecast of$66.4 billion, while Google Cloud sales reached $12.26 billion, slightly below expectations but still reflecting a 28% year-over-year growth [3]. Operational Insights - The strong performance in the first quarter indicates operational efficiency and resilience against macroeconomic challenges and regulatory pressures [4]. - The company is benefiting from advancements in artificial intelligence, which have positively impacted advertising revenue [3][4].