Get all your news in one place.
100's of premium titles.
One app.
Start reading
StockNews.com
StockNews.com
Business
Aanchal Sugandh

Are Investors Buying Alphabet (GOOGL) This Week?

In its latest quarter, Google parent Alphabet Inc. (GOOGL) rebounded from a notable advertising slump, signaling a return to a growth cycle for Artificial Intelligence (AI) technology investments. The fiscal second-quarter results reversed a financial downturn amid fears of AI advancements challenging its dominant search engine.

After experiencing consecutive year-over-year declines in ad revenue for the first time in history, GOOGL’s ad sales rebounded impressively during the second quarter. Surpassing expectations, ad sales reached $58.1 billion, reflecting a 3% increase from the previous year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.