$GOOG (+4.1% AH) beat on the t-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$GOOG (+4.1% AH) beat on the top and bottom lines, fueled by GOOG Cloud +35% YoY (vs +28% exp). Total revs were +16% YoY vs +14% exp. GOOG Advertising was up +10.4% (vs +9.8% exp), throwing cold water on bears’ argument that AI solutions were taking share from GOOG search. YouTube revs were +11% in line with consensus. Adj EPS $2.12 vs $1.84 exp. At 22x FY’EPS with 15% rev growth, GOOG still looks cheap.

Earning Season: Could Amazon Be the Hope of Big Tech?

Microsoft and Meta drops in the extended trading as AI spending increases. Apple and Amazon will release their reports after the market closes on Thursday. ------------------- Will Apple succeed in transforming into an AI company? Will Amazon be the hope of big tech?

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