Alphabet’s AI Prowess and Stellar Earnings Propel Stock Surge
Alphabet's third-quarter earnings report silenced skeptics, delivering $102.35 billion in revenue—a 16% year-over-year surge that shattered expectations by $2.21 billion. GAAP EPS of $2.87 outperformed forecasts by 27%, fueled by Google Search's 14.5% growth and Google Cloud's 33.5% revenue spike.
The stock's 70% six-month rally hasn't deterred bullish sentiment. Top-ranked investor Jonathan Weber champions GOOGL as a 'most attractive big tech investment,' citing robust fundamentals and reasonable valuation. The results underscore Alphabet's seamless AI integration across its ecosystem.