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Alphabet beats earnings expectations, raises spending forecast

217d ago
Business
CNBC
Alphabet beats earnings expectations, raises spending forecast
Alphabet (GOOGL) surpassed earnings expectations for the recent quarter, driven by strong performance in its core advertising business and growth in cloud computing. While revenue figures were positive, the company also announced an increased spending forecast, primarily attributed to investments in artificial intelligence. During the quarter, Alphabet unveiled several new AI initiatives and product integrations, signaling a continued commitment to the rapidly evolving AI landscape. Investors are closely watching how these investments will translate into future revenue streams and market share gains.
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