From Nasdaq: 2024-04-29 14:30:00

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) surged after its first-quarter earnings report, continuing a year-long momentum with shares up over 60%. The company’s AI-driven growth in Google Cloud business and advertising led to impressive revenue growth, with a dividend announcement and $70 billion share repurchase program adding to bullish sentiment.

Alphabet’s focus on AI technology has paid off with robust revenue growth in search and YouTube ads. The company’s strategic investments in AI are driving positive results, reflected in a reasonable valuation compared to peers and significant growth potential. Investors are encouraged to consider Alphabet for long-term growth potential with AI innovation.



Read more at Nasdaq: Alphabet Stock Is Flying Higher After Its Q1 Results. Is It Too Late to Buy?