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BTCC / BTCC Square / Global Cryptocurrency /
AICoin AI: Alphabet’s AI-Driven Stock Resurgence Captures Market Attention After Slow 2024 Start

AICoin AI: Alphabet’s AI-Driven Stock Resurgence Captures Market Attention After Slow 2024 Start

Author:
Global Cryptocurrency
Published:
2025-08-05 01:22:14
6
2
AICoin AI News -

Alphabet Inc.'s shares (GOOG, GOOGL) showed lackluster performance in 2024 with just a 2% gain through July, trailing behind competitors in the digital advertising space. However, the stock's recent rally toward its 52-week high of $207.05 comes on the heels of a stronger-than-anticipated Q2 earnings report, indicating a potential turning point.

The company reported 14% year-over-year revenue growth to $96.4 billion, while net income surged 19% to $28.2 billion. AI advancements are now directly fueling growth in Google Search, which accounted for $54.2 billion of total revenue. CEO Sundar Pichai highlighted AI's impact on boosting user engagement, though long-term monetization strategies for the technology remain unproven.

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