From Nasdaq: 2024-04-25 07:48:21

Alphabet’s strong growth in digital advertising and AI is driving investor optimism. Shares have risen 11% YTD. Google’s new generative AI model, Gemini, could tap into a $1.3 trillion market by 2032. Analysts expect Q1 earnings of $1.51/share on $78.57B revenue, up from $1.17/share on $69.79B revenue last year.

Gemini, Google’s AI model, could generate $192B in annual revenue by 2032. Google Cloud will offer Gemini to customers for applications and ad products. Cost-efficiency measures and headcount reductions have boosted profitability. Q4 showed $1.64/share in EPS beats and $86.31B in revenue, with Google Cloud growth of 25.5%.

Google aims to continue growth with AI and cloud services. Q4 revenue up 13%, marking double-digit growth for two straight quarters. Investors look for top and bottom line improvement in upcoming earnings. Google must provide strong guidance for next quarter and full year. Confidence remains in Google’s growth potential.



Read more at Nasdaq:: Alphabet (GOOG, GOOGL) Q1 2024 Earnings: What to Expect