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).
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Alphabet, which held the stake through its Google LLC unit, sold its remaining 114,554 Snowflake shares in the fourth quarter. Google LLC first disclosed a stake of 535,604 Snowflake shares for the ...
YouTube achieved record ad revenue thanks to the U.S. presidential election, with politicians on both sides doubling their ...
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Tech giant Alphabet’s Google has decided to stop its diversity-based hiring practices as pressure on DEI (diversity, equity, and inclusion) policies mounts. Additionally, the co ...
Despite Mag 7 names such as Google-parent Alphabet and software titan Microsoft dropping after earnings reports, the broader ...
Alphabet's Q4 earnings beat EPS estimates but missed revenue expectations, causing a sell-off. Read why I believe this is an ...
The company’s historical reluctance to engage in military AI projects stems from employee-led protests in 2018, when workers ...
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