Alphabet Surpasses Q3 Expectations Fueled by Cloud and AI Growth ๐Ÿš€

Alphabet's Q3 earnings beat analyst predictions, driven by strong performance in its cloud and AI divisions. Discover how these sectors are propelling the tech giant forward.

Alphabet Surpasses Q3 Expectations Fueled by Cloud and AI Growth ๐Ÿš€
Benzinga
6.9K views โ€ข Oct 30, 2024
Alphabet Surpasses Q3 Expectations Fueled by Cloud and AI Growth ๐Ÿš€

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Google's parent company Alphabet reported third-quarter earnings that exceeded analyst expectations. Alphabet's cloud unit was a major growth driver, with revenues soaring nearly 35% year-over-year. CEO Sundar Pichai highlighted that Googleโ€™s expansive AI products are now fully scaled, serving billions of users and generating continual growth. Googleโ€™s search business remains the company's primary revenue source. Shares rose 6% in after-hours trading on Tuesday.

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Oct 30, 2024

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