Alphabet's strong earnings fueled by AI drive stock up 3%, overcoming market concerns

From Yahoo Finance: 2025-04-25 02:24:00

Alphabet shares rose 3% after strong earnings report, showing growth in core advertising business driven by AI. Revenue from Google ads up 8.5% in Q1 amid fears of global trade tensions impacting digital ad market. Cloud computing rivals scaling back projects sparking fears of overspending in AI. Google reports strong growth across major segments, lifting social media stocks. Alphabet announces $70 billion share buyback plan and AI Overviews reach 1.5 billion users per month. Google in race to drive AI usage, with data and distribution advantages. Alphabet’s stock falls 16% this year, trailing Microsoft and Meta. Analysts optimistic about strong fundamental performance.



Read more at Yahoo Finance: Alphabet climbs as AI bets drive ad strength, quelling market fears