Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
From a purely business financials perspective, a large part of the reason for the sell-off stemmed from slowing growth in data centres revenue. Google’s cloud business is a huge money driver and posted a 30 per cent increase in revenues, totalling nearly $12bn (£9.6bn).
Nvidia was gaining early on Wednesday after Google-parent Alphabet committed to spending on artificial-intelligence ...
Alphabet generated $8.04 in earnings per share (EPS) during 2024, which places its stock at a price-to-earnings (P/E) ratio ...
Shares of the artificial intelligence (AI) chip leader have been crushed this year, but recent developments suggest the best ...
Alphabet is shrugging off concerns sparked by DeepSeek over AI spending, boosting its capital expenditures to a whopping $75 ...
Alphabet's big spending plans surprised Wall Street. The news should soothe investors worried about last week's DeepSeek ...
Nvidia shares are trading higher Wednesday as investors react to Alphabet's strong capital expenditure guidance, which exceeded analyst expectations and eased concerns about a slowdown in AI spending.
US stocks reverse early losses to end higher on Wednesday despite Alphabet's drop. Investors shift to other firms with strong ...
Nvidia stock rise has helped the chip maker to recoup a large chunk of its losses from the last week, when it witnessed a ...
Alphabet CEO Sundar Pichai said that the internet ad giant's relationship with Nvidia remains strong and it has the first customer using Blackwell. "Just last week we were the first to announce a ...
Shares of several tech companies specializing in artificial intelligence products soared Wednesday after Google parent Alphabet said it plans to ramp up spending on AI.
The emergence of a small Chinese artificial intelligence (AI) company called DeepSeek initially put a giant hole in the U.S.
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