Gov. Glenn Youngkin and Alphabet Chief Financial Officer Ruth Porat on Friday announced a $1 billion investment to expand Google’s Virginia data center campuses this year including two Loudoun County sites. The $1 billion investment brings Google’s total investment in the state to more than $4.2 billion. Google calculates its Loudoun County investment at more
US stocks were set to bounce back on Friday as Alphabet (GOOG, GOOGL) and Microsoft (MSFT) earnings revived hopes for a Big Tech-led rally. But a key inflation report ahead could put a spoke in the wheel. S&P 500 (^GSPC) futures rose roughly 0.8%, while contracts on the tech-heavy Nasdaq 100 (^NDX) jumped 1%. Futures
Alphabet (GOOG, GOOGL) shares surged in after-hours trading on Thursday after the tech giant delivered an earnings beat in the first quarter. Adding to the positive sentiment, the company announced a dividend of $0.20 per share and a share buyback plan. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to provide insights
(Bloomberg) — Investors are becoming more optimistic about Alphabet Inc.’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. Most Read from Bloomberg The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and
Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation
We should be asking much deeper questions now than simply about whether and when another stock market bubble burst might come. We should be re-examining the role of private and public sectors in allocating financial resources to the global economy. Failure to do this could result in a dramatic rise in tax rates around the
Microsoft, Alphabet’s Google and Advanced Micro Devices – three companies working harder than nearly anyone to weave artificial intelligence into their products – are finding that, when it comes to AI, investors are hard to please. Shares of the tech giants slipped in late trading Tuesday after they delivered results for the last three months
Google-parent Alphabet is set to cut more jobs in order to make space for investment in artificial intelligence. Alphabet CEO Sundar Pichai said some teams would need to eliminate roles in order to “create the capacity” for investment in promising areas such as artificial-intelligence, CNBC reported, citing an internal memo. That could be… Google-parent Alphabet