Alphabet Stock Surges to All-Time High on Strong AI-Driven Results
Alphabet's stock surged to a record high after reporting strong first-quarter results driven by AI growth and robust cloud computing performance. Revenue rose 22% year-over-year to $109.9 billion, with Google Search revenue increasing 19% to $60.4 billion. Google Cloud revenue jumped 63% to $20 billion, and net income soared 81% to $62.6 billion.
Topics: AI growth Alphabet Inc. Cloud computing Earnings report Revenue growth