Alphabet CEO Highlights AI Investments Paying Off in Strong Q1 Results
Alphabet (GOOG) surged over 7% pre-market as its Q1 results exceeded expectations, driven by a 63% year-over-year increase in Cloud revenue and an 81% rise in net income. CEO Sundar Pichai attributed the growth to AI investments, while Meta (META) fell 7% due to concerns over increased capex spending.
Topics: AI Investments Alphabet (GOOG) Cloud Revenue Market Reaction Q1 Earnings