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☆ Search competition fears hit Alphabet stock yet again. We see no reason to join the sellers
▼ + stars: | 2024-07-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

ChatGPT creator OpenAI on Thursday announced a prototype of its search engine, SearchGPT, in an effort to directly compete with Google Search. "Not really seeing any decline in web traffic away from web search" despite the popularity of AI chatbots," Marks said Friday. Alphabet's efforts to incorporate generative AI into Google Search — dubbed "AI Overviews" — are resonating with users, CEO Sundar Pichai said on the conference call. He added that people are looking for help with complex topics are engaging more and keep coming back for AI Overviews. To be sure, the AI threats to Google Search is not the only question on Alphabet investors' minds.

Persons: OpenAI, Jeff Marks, It's, Marks, OpenAI's SearchGPT, Bing, That's, Rosenblatt, Alphabet's, Sundar Pichai, Pichai, There's, Jim Cramer's, Jim Cramer, Jim, Idrees Abbas Organizations: Google, Microsoft, Nasdaq, Investor, Rosenblatt, Bing, Bank of America, Citigroup, Citi, Management, CNBC, Getty

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Tech's splurge on AI chips has companies in 'arms race' that's forcing more spending
▼ + stars: | 2024-07-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced artificial intelligence models. But even he says the AI hype may be driving too much investment. Meta debuted its latest Llama AI model on Tuesday. The model, dubbed Llama 3.1, comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date.

Persons: Mark Zuckerberg, Zuckerberg, Emily Chang, He's, Sundar Pichai, Pichai Organizations: Meta, Nvidia, Microsoft, Amazon, Oracle, Tesla Locations: Menlo Park , California

☆ The AI hype train is still running at full tilt — just don't ask where the profits are
▼ + stars: | 2024-07-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

pic.twitter.com/0licQGfphn — Mustafa Suleyman (@mustafasuleyman) October 20, 2023Expectations for the AI boom to generate serious money are absurdly high, then, which helps explain why the hype train for the technology is still running at full tilt. AdvertisementThat was probably hard for investors to hear given AI has pushed Google to spend more. Similar questions around the gap between returns and hype have shown themselves this week in startup land, too. Toronto-based AI startup Cohere, founded by ex-Googlers in 2019, announced a fresh funding round of $500 million on Monday, putting its valuation at about $5.5 billion. Last year, veteran venture capitalist Vinod Khosla suggested most startups were overvalued and that most investments in AI "will lose money."

Persons: —, Mustafa Suleyman, — Mustafa Suleyman, Sundar Pichai, Philipp Schindler, Katherine Tangalakis, Lippert, Pichai, Cohere, It's, Harvey —, Winston Weinberg, Gabriel Pereyra —, Harvey, Vinod Khosla Organizations: Service, Business, Google, Microsoft, BI, Google Ventures Locations: California, Toronto, Cohere

☆ Stocks are being routed as tech undergoes a re-rating. Here are the key drivers behind the shakeup
▼ + stars: | 2024-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The stock market is facing several issues: a tech re-rating, a slower economy, a seasonally weak period and an uncertain presidential outcome. Big cap tech is getting re-rated This is what happens when the market gets top-heavy in technology. Prices for megacap tech stocks have run up dramatically in hopes of outsized earnings. Regardless, investors have been re-rating tech stocks for many weeks now. Technology stocks have been toppy for some time.

Persons: Sundar Pichai, he'd, Goldman Sachs, Goldman, Matt Bartolini, Kamala Harris, Sam Stovall, Trump Organizations: Technology, Cloud Computing, Semiconductor, P Technology, X Social Media, Semiconductors, Micron, Qualcomm, Nvidia, Broadcom, SPDR, SPDR Americas Research, State, Trump, Democratic Locations: SPDR Americas

☆ Alphabet remains one of our top picks, says Evercore ISI's Mark Mahaney
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet remains one of our top picks, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to break down Alphabet's quarterly earnings results, impact of generative AI, and more.

Persons: Evercore, Mark Mahaney Mark Mahaney

☆ The biggest winner from Tesla and Alphabet earnings? Jim Cramer says it's Nvidia
▼ + stars: | 2024-07-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

What we learned from Tesla and Alphabet earnings gave us reasons to remain upbeat about Nvidia shares despite another brutal tech sell-off . Nvidia was the "big winner" Tuesday evening, Jim Cramer said Wednesday on CNBC. The Club stock was down only 3% at the time of Jim's comments. Following an earnings miss that pressured Tesla stock, CEO Elon Musk sang Nvidia's praises. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Tesla, Elon Musk, Musk, we've, ChatGPT, Musk's, Sundar Pichai, Pichai, Nvidia's, Blackwell, Jim, Jim Cramer's, Jensen Huang, Cheng Organizations: Nvidia, CNBC, The Club, Nasdaq, Microsoft, Devices, Google, Management, Club, AFP, Getty Locations: Taipei

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

☆ Alphabet's ad revenue dip is a buying opportunity, says MNTN CEO Mark Douglas
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet's ad revenue dip is a buying opportunity, says MNTN CEO Mark DouglasMark Douglas, CEO of MNTN, joins CNBC's 'The Exchange' to discuss Alphabet's earnings, why advertisers don't like YouTube, and more.

Persons: Mark Douglas Mark Douglas Organizations: YouTube

☆ Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and more
▼ + stars: | 2024-07-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Tesla — Stock in the electric vehicle company sank about 9% after second-quarter earnings were weaker-than-expected. Texas Instruments — Stock in the chipmaker ticked up about 2% thanks to better-than-expected second-quarter earnings. Texas Instruments reported earnings of $1.22 per share while analysts polled by LSEG expected $1.17. Visa's $8.9 billion in revenue was slightly weaker than an estimated $8.92 billion from analysts polled by LSEG. Analysts polled by LSEG forecast $404 million.

Persons: LSEG, Goldman Sachs, Goldman, —, Alex Harring, Sarah Min, Jesse Pound Organizations: YouTube, . Texas, —, Texas, Garden Entertainment, Visa —, LSEG, FactSet, Capital, Meta, Seagate, Enphase Energy Locations: Madison

☆ Alphabet's earnings show investors are impatient for the data on AI returns. No one has the answer yet.
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn Tuesday's earnings call, investors repeatedly pressed Alphabet's leadership team for more information about how its AI initiatives are performing and how they would generate revenue, but executives remained tight-lipped. In April the CEO of Google DeepMind, Demis Hassabis, said that Google plans to invest more than $100 billion over time to develop AI technology. Advertisement"On the cloud and AI stuff, you know, it's obviously, you know, you know, something which I think will end up being a big driver over time," Pichai said. The company's cloud business crossed $10 billion in revenue for the first time, reaching $10.3 billion — fueled in part by AI demand, Pichai said.

Persons: —, Sundar Pichai, Philipp Schindler chimed, Pichai, Schindler, Demis Hassabis Organizations: Service, Business, Google, AIs, YouTube

☆ Oakmark's Bill Nygren on Alphabet's Q2 earnings
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOakmark's Bill Nygren on Alphabet's Q2 earningsBill Nygren, Oakmark portfolio manager, joins 'Squawk on the Street' to discuss Alphabet Q2 earnings results.

Persons: Bill Nygren

☆ Alphabet's AI capex crunch: Here's what you need to know
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet's AI capex crunch: Here's what you need to knowCNBC's Steve Kovach reports on news from Alphabet's quarterly earnings results.

Persons: Steve Kovach

☆ Alphabet could be in for a tough period ahead, analysts warn
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet investors may want to prepare for some volatility moving forward. However, shares fell about 5% as the company also reported lower-than-expected YouTube advertising revenue. On top of that, Alphabet highlighted plans to boost capital expenditures as it races to meet rising artificial intelligence demand. That is due in part to tough advertising comparisons amid the anniversary of a particular strong period for Asia and Pacific retailers. The move to 'future proof' business Some analysts and investors are reading the tea leaves with a positive tilt, however.

Persons: Ruth Porat, Sundar Pichai, Porat, Mark Shmulik, Brent Thill, Benjamin Black, Ross Sandler, Gene Munster, Goldman Sachs, Eric Sheridan, Bank of America's Justin Post, Truist's Youssef Squali, Citi's Ronald Josey Organizations: Jefferies, Deutsche Bank, Barclays, Bank of America's, DR Locations: Asia, Pacific

☆ Alphabet's earnings sell-off is unwarranted. Here's how Jim Cramer would approach the stock now
▼ + stars: | 2024-07-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer called out the decline in U.S. government bond yields, saying it points to signs that "the economy is weakening." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Ford, Estee Lauder, Cramer, Jim Cramer's Organizations: CNBC, Apple, Google, RBC Capital

☆ Alphabet stock tumbles on mixed earnings results, but Goldman sees 25% upside ahead on AI strength
▼ + stars: | 2024-07-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Alphabet stock dropped Wednesday after earnings as Wall Street parsed mixed results. AdvertisementAlphabet stock slid Wednesday as investors digested second-quarter results that beat earnings estimates but fell short in other key areas. The mixed results sent the stock down 5% in Wednesday afternoon trading, but Goldman Sachs analysts say they remain optimistic about the company's artificial intelligence opportunities. Goldman Sachs was upbeat in its analysis, raising Alphabet's price target from $211 to $217 in a note after the company released earnings. AdvertisementGoldman says its optimism comes largely from Alphabet's AI opportunity.

Persons: Goldman Sachs, —, Goldman, Sundar Pichai, Pichai Organizations: Service, YouTube, Wall

☆ Kang: Alphabet can combat slowdown in ads with strength in YouTube and the cloud
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKang: Alphabet can combat slowdown in ads with strength in YouTube and the cloudNimrit Kang, Chief Investment Officer and Senior Portfolio Manager at NorthStar Asset Management, discusses her expectations for Alphabet's earnings report.

Persons: Kang Organizations: YouTube, NorthStar Asset Management

☆ Alphabet moves past early stumbles in AI to deliver positive story to investors
▼ + stars: | 2024-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units. Cloud recorded a couple of big firsts: exceeding $10 billion in revenue, along with $1 billion in operating income. Whereas investors were — and many still are — concerned about what generative AI might mean for Alphabet's search revenue, the opposite appears to be the case, at least for now. Google Cloud revenue grew roughly 28% to more than $10 billion for the first time. Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units.

Persons: we're, capex, Sundar Pichai, Pichai, Philipp Schindler, Schindler, Ruth Porat, Eli Lilly, Anat Ashkenazi, Jim Cramer's, Jim Cramer, Jim, Loren Elliott Organizations: YouTube, Microsoft, Club, Nvidia, Lens, CTV, Nielsen, Google, buybacks, CNBC, Government, Society, Calif, Bloomberg, Getty, Meta Locations: That's, U.S, Stanford

☆ WEX Wrap-Up: Wiz walks away from Alphabet's $1B buyout offer
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWEX Wrap-Up: Wiz walks away from Alphabet's $1B buyout offerCNBC's Frank Holland lays out the top stories impacting the markets today.

Persons: CNBC's Frank Holland

☆ Alphabet reports earnings after the market close. Here's how analysts see it playing out
▼ + stars: | 2024-07-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Alphabet is set to report second-quarter earnings after the market closes Tuesday, one of the first of the " Magnificent Seven " to post its results this earnings season. For Google search revenue, Wolfe Research estimates growth of 12.6% compared to the prior-year period. Wolfe has an outperform rating on Alphabet and a share price target of $240, implying more than 32% upside from Monday's close. Deutsche Bank, Bank of America and TD Cowen all increased their price targets on the stock heading into earnings. GOOGL mountain 2024-07-22 Alphabet, 2-day Bernstein analyst Mark Shmulik also chooses to stay neutral, rating Alphabet market perform.

Persons: LSEG, Baird, Colin Sebastian, Wolfe, Shweta Khajuria, TD Cowen, Benjamin Black, Justin Post, John Blackledge, Barton Crockett, Rosenblatt, Bernstein, Mark Shmulik, Shmulik Organizations: Google, Wolfe Research, Deutsche Bank , Bank of America, Bank of America, YouTube, Rosenblatt Securities, Department of Justice, DOJ

☆ Alphabet to invest $5 billion in self-driving car unit Waymo
▼ + stars: | 2024-07-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion. CEO Sundar Pichai said on the earnings call that Waymo provides 50,000 weekly paid trips, primarily in San Francisco and Phoenix. In June, Waymo removed the waitlist and opened Waymo rides to all San Francisco users. "Alphabet has committed up to $5B to Waymo," Waymo CEO Tekedra Mawakana said on X.

Persons: Waymo, Ruth Porat, Porat, Sundar Pichai, Andreessen Horowitz, Cruise, Tekedra Mawakana Organizations: Securities, Exchange Commission, Plan Investment Board, Fidelity Management & Research Company, General Motors Locations: San Francisco, Phoenix, Francisco, AutoNation, Canada, Waymo, Tesla

☆ Alphabet set to report Q2 earnings results after the bell
▼ + stars: | 2024-07-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. They expect modest growth in key areas such as cloud and overall revenue, after a quarter of leadership moves, AI announcements and market expansions. During the second quarter, Alphabet saw a number of expansion updates, including for its self-driving car unit Waymo, which opened its service to all San Francisco users. Reid urged employees to continue pushing AI products, suggesting they can fix mistakes as users and employees find them. Alphabet also announced a new finance chief, Anat Ashkenazi, who came from Eli Lily, the world's most valuable drugmaker.

Persons: Sundar Pichai, Barack Obama, America's, Liz Reid, Reid, Anat Ashkenazi, Eli Lily, Ashkenazi, Ruth Porat Organizations: Google, LSEG Revenue, TAC, CNBC Locations: Francisco, Phoenix, India, Mexico

☆ Advertisers using Google to boost consumer demand, says Wealth Enhancement Group's Ayako Yoshioka
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdvertisers using Google to boost consumer demand, says Wealth Enhancement Group's Ayako YoshiokaWealth Enhancement's Ayako Yoshioka and Big Tech's Alex Kantrowitz join 'Closing Bell' to discuss the what they are expecting from Alphabet's second quarter earnings report as the tech company is set to report after the bell.

Persons: Alex Kantrowitz Organizations: Google

Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. Alphabet's cloud segment has been under pressure to grow amid competition from frontrunners Microsoft and Amazon, something the Wiz deal would have helped with. The shift benefited Wiz, which can flag security issues for applications and data on the Amazon, Google, Microsoft and Oracle public clouds. In an interview with CNBC's Sara Eisen and Carl Quintanilla at the New York Stock Exchange last year, Eisen asked Rappaport if he wants to take the startup public.

Persons: Sundar Pichai, Wiz, Assaf Rappaport, Rappaport, Thomas Kurian, Brendan Burke, It's, Doug Leone, Covid, Sid Trivedi, CNBC's Sara Eisen, Carl Quintanilla, Eisen Organizations: Alphabet Inc, Government, Society, Google, CNBC, Microsoft, Index Ventures, Insight Partners, Lightspeed Venture Partners, Sequoia, PitchBook, Intuit, Ventures, Sequoia Capital, Wiz's, Wiz, Oracle, Foundation Capital, Motorola, Lenovo, New York Stock Exchange Locations: Stanford , California, Sequoia

☆ Stock market today: Indexes end lower as investors brace for major earnings results
▼ + stars: | 2024-07-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Index ended the day lower Wednesday as investors braced for Tesla and Alphabet's earnings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The two firms are the first of the Magnificent Seven tech stocks to release their earnings. The stock market is fresh off a winning rally on Monday, which saw the Nasdaq 100 and S&P 500 rise above 1%. Advertisement"The Fed's preferred measure of inflation is expected to tick lower in the June release, paralleling the month's slower CPI inflation.

Persons: —, Tesla, Bill Adams, it's Organizations: Tesla, Service, Nasdaq, UPS, Federal, Comerica, CPI

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