Alphabet Inc. News & Breaking Stories

Amazon's quarterly report beats projections, boosted by AI interest. Revenue and net income soar, but revenue outlook disappoints. Advertising revenue spikes.

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Stocks showed strength with Nasdaq, Dow, and S&P 500 gains. Google and Microsoft boosted market after positive earnings. Snap and Skechers surged.

Alphabet's profits surge nearly 60% in Q1, with strong performance from search, YouTube, and cloud. Stock price rises 15%.

Asset managers are increasingly concerned about companies with low tax bills, leading to exclusions and shareholder action amid growing risks.

"Amazon (NASDAQ: AMZN) is one of the best buys available with strong 2024 performance. Here are 5 reasons why."

"Nvidia's stock takes a hit as it loses $78 billion in market value, but Wall Street continues to bet big on AI."

Former YouTube CEO Susan Wojcicki's 19-year-old son Marco Troper was found dead at UC Berkeley, with his family suspecting a drug overdose.

Palantir Technologies Inc. has had a strong 2023, but its involvement in battlefield AI could lead to exclusion from investment funds.

Walmart's decision to split its stock has sparked a debate. High-profile tech companies have also split stocks, with positive results.

Google's parent company's stock rises after resolving a $1.67 billion patent lawsuit. It partners with Hugging Face to expand AI tools.

Evercore says 'Big Blue is back.' But not everyone is convinced. IBM's stock jumped 11.2% higher after strong forecast.

Google Assistant and hardware divisions like Pixel Phone and FitBit are losing employees. Layoffs are part of an industry trend.

Alphabet's stock surges with the release of its latest AI model, Gemini, easing concerns about its competitive position in the AI sector.

Nvidia Corporation reported strong quarterly earnings, with revenue up by more than 200%, but shares may not rise further in the near term.

Microsoft stock rises after former OpenAI CEO joins company, despite employees threatening to quit, following a multi-billion-dollar investment in OpenAI.

High-quality company Microsoft (NASDAQ:MSFT) continues to generate strong results. OpenAI CEO Sam Altman has joined Microsoft, strengthening its position.

The tech sector has made a remarkable comeback in 2023, driven by the AI industry surge and the performance of top tech companies like Nvidia, Meta Platforms, and Alphabet. Despite adverse external factors, the US stock market has shown resilience, indicating a promising signal for the Q4 stock market rally. Google's stock has reached a new 52-week high and faces resistance at $143.65.

Chipmaker Nvidia and seven other companies have agreed to a set of artificial intelligence (AI) standards led by the White House. The standards include requirements to disclose AI-generated content, share vulnerabilities, and commit to external testing before releasing products. The companies joining the agreement include Adobe, Palantir, IBM, and Salesforce. The White House has been engaging with industry on AI development and is promoting steps to ensure AI safety and security. The agreement will go into effect immediately and requires companies to prioritize research into minimizing harm and addressing security challenges.

Elon Musk unveils new "X" logo to replace Twitter's blue bird as part of a major rebranding effort. The move has alienated users and advertisers, leaving Twitter vulnerable to competition. Musk aims to create an "everything app" similar to China's WeChat. Critics argue the rebranding is a risky move that may confuse users and erase brand recognition. However, some analysts believe it could drive engagement and appeal to new audiences.

June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.