From Nasdaq: 2024-07-25 15:59:00

Alphabet reported quarterly results, kicking off the Mag 7 group’s reporting cycle. Revenue reached $64.6 billion, with 12% growth in advertising and a record $10.3 billion in cloud revenue. Initial reaction was negative, likely due to profit-taking and concerns about AI CapEx. META’s results, with EPS growing 80%, are expected soon.

Alphabet maintained a positive outlook following their quarterly release, with strong growth in cloud and advertising. Concerns about CapEx levels led to initial selling pressure. META also experienced a sell-off post-earnings due to higher CapEx. Both companies are expected to provide insights into AI investments with upcoming earnings releases. Demand for clean hydrogen energy is projected to reach $500 billion by 2030 and grow 5-fold by 2050. Zacks Investment Research has targeted 3 top hydrogen stocks for potential growth opportunities.

Investors may want to consider capitalizing on the clean hydrogen energy market, which is projected to grow exponentially in the coming years. With the potential for significant returns, focusing on hydrogen stocks could provide a lucrative investment opportunity. Remember to do your own research and consult with a financial advisor before making any investment decisions.



Read more at Nasdaq: Why Did Alphabet Shares Fall Post-Earnings?