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Alphabet rides AI surge as revenue and profit crush expectations

TechSpot·Skye Jacobs·about 1 month ago
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Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust . Bottom line: Alphabet's latest results show how central artificial intelligence has become to its growth – and how aggressively the company is increasing spending to support the technology. The Google parent reported $94.7 billion in first-quarter revenue, excluding partner payouts, beating analysts' expectations of $91.6 billion. Earnings came in at $5.11 per share, well above the $2.62 estimate. Investors responded quickly, pushing the stock up more than 6% in after-hours trading. Much of Alphabet's momentum is tied to AI, particularly inside Google Cloud.…

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