Alphabet (GOOGL) Gains 11% Amid AI Investment Surge
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Alphabet Inc. (GOOGL) shares surged 11% over the past month, outperforming most Magnificent-7 peers. The Google parent reported $96.4 billion in Q1 revenue, exceeding analyst expectations by 3 percentage points. Search revenue hit the top of its projected range while cloud services grew 32% annually.
Capital expenditures are projected to reach $85 billion this year - $10 billion above prior guidance - as the tech giant doubles down on AI infrastructure. "Alphabet's results demonstrate resilience against AI disruption threats," noted Ben Barringer of Quilter Cheviot. The company's AI investments are yielding measurable returns across Core business segments.
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