GOOGL: Are Investors Buying Alphabet (GOOGL) This Week? – StockNews.com
In its latest quarter, Google parent Alphabet Inc. (GOOGL) rebounded from a notable advertising slump, signaling a return to a growth cycle for Artificial Intelligence (AI) technology investments. The fiscal second-quarter results reversed a financial downturn amid fears of AI advancements challenging its dominant search engine.
After experiencing consecutive year-over-year declines in ad revenue for the first time in history, GOOGL’s ad sales rebounded impressively during the second quarter. Surpassing expectations, ad sales reached $58.1 billion, reflecting a 3% increase from the previous year.
Moreover, the company’s AI leadership and engineering excellence are greatly aiding the company in enhancing its services. Product Studio, unveiled on May 23, is empowering merchants with a potent generative AI tool for unique e-commerce visuals, elevating product presentations on GOOGL’s platform.
Additionally, on May 18, GOOGL unveiled the private preview of Duet AI for Google Cloud….
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source: https://news.oneseocompany.com/2023/07/26/googl-are-investors-buying-alphabet-googl-this-week-stocknewscom_2023072648156.html
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