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Google's Q3 performance exceeded expectations across the board! Major banks quickly raised the target price to $235, will the stock price potentially hit a new high?
On Tuesday, October 29th, in post-market trading on the US East Coast, Google released its financial report for the third quarter of 2024. Due to the application of artificial intelligence (AI) technology driving cloud business and the recovery of revenue from YouTube advertising, Google's major business revenues have all exceeded expectations.
What answers have the financial reports of major companies provided to the most concerning issues in AI trading?
One of the main characteristics of the third quarter report is that technology giants continue to increase investment in AI without hesitation, with total capital expenditures of microsoft, google, and Meta increasing by 48% year-on-year. However, the returns brought by the huge investment are somewhat mixed, and the market may need to wait longer. In addition, the three major trends of 'hiring is not as good as buying cards', shifting from training to reasoning, and the marginalization of OpenAI by microsoft are becoming increasingly clear.
35 digits! Google's astronomical fine far exceeds the global GDP total.
According to the Russian media RBC's report, the Russian government has fined Google approximately $20,000,000,000,000,000,000,000,000,000,000,000 (35 digits), a figure far exceeding the global GDP total (approximately $110 trillion in 2023, a 15-digit number).
Indonesia strengthens foreign investment supervision: Following the ban on the sale of iPhone 16, Google Pixel phones are also prohibited from being sold.
The government of india recently announced that due to Google's failure to meet domestic content requirements, the sale of Google Pixel phones in the country has been banned.
Phillip Securities Adjusts Price Target on Alphabet to $240 From $205, Maintains Buy Rating
Technology giants are frantically investing in AI, making investors anxious: what about the return?
Large technology companies including Microsoft (MSFT.US), Meta (META.US), and Amazon (AMZN.US) are increasing their spending to build ai datacenters to meet the huge demand.
Express News | UBS Group: Raised Google's target price to $192, raising earnings per share estimates for 2025 and 2026.
Express News | Thailand has approved a nearly 2 billion US dollar datacenter and electronic manufacturing investment project.
World's Fourth Most Populous Country Bans Sale of Google Smartphones
Technology stocks' pullback is nothing to panic about! The downturn can be a good opportunity to "buy the dip".
Investors have many reasons to turn to the technology stocks they once favored, but they may regret it.
Express News | Indonesia has banned the sale of Google Pixel phones.
US technology stocks' 'weird phenomenon': Beating expectations is no longer enough, investors want more.
①For investors, the better-than-expected performance of large technology companies in the US is no longer enough to satisfy them; ②This week, technology companies have successively released quarterly financial reports, with revenue and profits mostly exceeding expectations, yet the market response has been brutal; ③Some believe that the dismal stock price is due to the market's overly high expectations, while others attribute it to a technical profit-taking pullback.
Tesla Can Make Cybercab For The Same Money It Takes Waymo To Install Lidar Sensors On Its Robotaxi, Says Ark Analyst
Express News | Following the Apple iPhone 16, Indonesia has banned the sale of Google Pixel phones due to local content requirements.
OpenAI Adds Search Engine to ChatGPT, Challenging Google
Google Maps AI functionality has been greatly upgraded, is Apple Maps ready?
Map services have become a battleground for AI. With competitors like Apple catching up, Google Maps continues to innovate and integrate more closely with AI. Users can now use natural language to search for nearby restaurants and other information on Google Maps, and get AI-generated summaries of user reviews. They can also experience the destination's weather and traffic conditions in advance, and in the future, even take a virtual campus tour.
CMB International: Alphabet (GOOG.US) exceeded expectations in the third quarter performance, Google Cloud maintains strong momentum.
BOC International released a research report stating that Alphabet (GOOG.US) achieved a 15% year-on-year increase in total revenue in the third quarter of this year, which is basically in line with market expectations; net profit increased by 34% year-on-year, exceeding market expectations by 15%, mainly due to effective management of staff and equipment. Taking into account the support of the stable efficiency improvement of Google Cloud and the group level, the bank has raised the profit forecast for Alphabet for the fiscal years 2024 to 2026 by between 6% and 8%, and will maintain its target price at $218, maintaining a 'buy' rating. BOC International also expects,
Tech Giants See AI Bets Starting to Pay Off -- WSJ
Are the financial reports of the technology giants in the US stock market insufficient in the beginning of the season, is the "AI hot" expectation overhyped or just a technical profit-taking pullback?
Large technology companies need to meet investors' expectations for both the past and the future more than any other industry.
Express News | Institutions: In Q3 of 2024, smart phone sales in the USA decreased by 4% year-on-year.