From Yahoo Finance: 2025-04-25 13:31:00

Shares of Google parent Alphabet (GOOGL) surged over 4% on Friday, leading adtech and AI stocks higher after showing success with AI features. Other tech companies in digital advertising that use AI tools, like Meta Platforms (META) and Snap (SNAP), also gained. Google reported better-than-expected quarterly earnings, with its CEO highlighting the growth driven by AI features like AI Overviews, which now has 1.5 billion users per month. Analysts at Citi and Wedbush raised their price targets for Alphabet, emphasizing its AI potential. This trend could signal further growth for companies in cloud and digital ad businesses, with Snap, Meta, Microsoft, and Amazon set to report earnings in the coming weeks. AppLovin and Pinterest will also release results soon.

Read more: Google Parent Alphabet Leads Adtech Stocks Higher on Signs of AI Success