AI prowess and regulatory hurdles shape stock outlook By Investing.com
Alphabet (NASDAQ:) Inc., the parent company of Google, finds itself at a critical juncture as it navigates through a landscape of technological advancements and regulatory challenges. The company’s stock has been the subject of intense scrutiny by analysts, who are weighing the potential impact of antitrust measures against the promising growth in artificial intelligence (AI) and cloud services.
Financial Performance and Outlook
Alphabet’s financial performance in the third quarter of 2024 exceeded expectations, with revenue growth accelerating to 16%, driven primarily by its Cloud and other revenue streams. The company’s core Google services margins saw significant year-over-year improvements, contributing to strong earnings per…
