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Alphabet Q2 Earnings Preview: AI Developments, Advertising and Cloud Computing as Key Focus
is set to release its Q2 earnings report on July 23, investors will focus on AI developments, capital spending plans, and ad spending in second-quarter. Google stock has climbed 27% in 2024 as investor fervor over generative artificial intelligence drives big gains in technology companies.
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What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)
This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.
102362254 : My guess is $Alphabet-A (GOOGL.US)$ will have the biggest percentage gain this week. Google Cloud's expected revenue of $10.22 billion is important for investing in AI. Updates on Alphabet's Gemini Live and Project Astra are crucial for staying competitive against rivals like Microsoft's OpenAI. Also, Alphabet's $70 billion stock buyback shows they believe in future growth, which investors like. The stock is already up around 30% this year, so investors may be confident it could go up more, especially if earnings beat expectations.