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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.
CICC: Strong AI boom at home and abroad resonates with traditional telecom businesses focusing on structural upgrades
In the first half of 2024, AI computing power was still the main core investment line. Iterative optimization of AI models and AI investment by North American cloud vendors remained high, driving the performance of AI hardware core suppliers to resonate and improve with market performance, driving the market value of the sector to rise compared to the beginning of the year.
Here's the Bad News for Tech Investors Wondering If AI Spending Is Paying off
Tech earnings still won't answer the question of whether AI spending is paying off beyond Nvidia and a few chip and hardware makers.
Megacaps Must Boost Guidance to Thwart 'Epic' Momentum Reversal
Just 1 on 4 AI Tasks Will Be Cost Effective in 10 Years - MIT Professor
Cloud Providers in AI, Data Named 'Top Picks' as Earnings Approach: Oppenheimer
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.