Google's Search Engine Can Go Into Full 'AI Mode'
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The search giant currently trades at a price-to-earnings ratio ( P/E) of just 18.5, which is close to a 30% discount from the S&P 500 's P/E of 25.9. That discount comes as Alphabet's growth remains solid. In its first-quarter earnings report, revenue rose 12% to $90.2 billion, with operating income jumping 20% to $30.6 billion.
Google co-founder Sergey Brin, tapping a personal fortune that exceeds US$140bil (RM596.05bil), gave nearly US$700mil (RM2.98bil) in Alphabet Inc shares away as a gift.
Alphabet stock was sliding Tuesday afternoon as the Google I/O keynote announcements initially seemed to underwhelm investors. Alphabet shares dropped as the company shared AI news, with several of the AI updates announced scheduled to come in the weeks and months ahead.
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Alphabet's stock rarely gets this cheap, and right now could be a once-in-a-decade opportunity to scoop up shares at a historically low valuation.
An East Bay Democrat in the state Legislature announced the details Wednesday of a hard-fought partnership between California and Google to kick financial assistance toward the state’s news media, an industry that shrunk dramatically in the digital age.
An exchange-traded fund that focuses on Big Tech stocks was advancing Wednesday, propelled by a big gain in shares of Google parent Alphabet Inc. The Roundhill Magnificent Seven ETF, which holds Alphabet,
The Aura glasses are expected to launch for consumers between the end of this year and early next year, likely costing thousands of dollars.
Alphabet stock, down for most of the day, saw its losses accelerate as Google CEO Sundar Pichai concluded the Google I/O keynote address. Shares were down 2% after the event ended. Investors have been
Alphabet Inc.’s investors are looking to this week’s developer conference to see if the company can reset the narrative amid fears that its long-standing market dominance is on shaky ground.
Shares of Google parent Alphabet surged Wednesday amid growing optimism about the tech giant's AI search capabilities in the wake of Google’s I/O conference keynote and rollout of its “AI mode” offering in the U.