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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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarly A.I. winners will be hyperscalers and infrastructure builders, says Truist's Youssef SqualiYoussef Squali, Truist managing director, to talk A.I. implementation in the digital ad space, early winners of the A.I. boom, and spending in the space.
Persons: Truist's Youssef Squali Youssef Squali
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta needs to see top-line reacceleration, says Truist's Youssef SqualiYoussef Squali, Truist Securities global head of internet and media research, joins 'The Exchange' to discuss Meta's upcoming Q2 earnings report, Meta's plans to monetize reels, and Google's loss of market share to Microsoft.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's fundamentals remain strong despite cloud slowdown: Truist's Youssef SqualiTruist Securities' Youssef Squali, joins 'Squawk on the Street' to discuss Amazon's layoff, short-term headwinds from a slowdown in Amazon Cloud Services, and the reasons for his buy rating and target.
Lyft shares fell more than 30% during Friday premarket trading as traders weighed a weaker-than-expected forecast from the ridesharing company in its most recent earnings report. LYFT 1D mountain Lyft shares tumble For market observers on Wall Street, that was hardly a good enough explanation. As of Thursday's close, Lyft shares jumped more than 47%, following a 74% drop in 2022. While the analyst did not have a price target available, his previous target in January was $24 for the stock. Lastly, Loop Capital's Rob Sanderson downgraded Lyft to hold from buy, and dropped the price target to $10 from $17.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap's biggest headwinds are cost cutting and market uncertainty next year, says Truist's Youssef SqualiYoussef Squali, Truist managing director, joins 'The Exchange' to discuss Snap's third quarter revenue miss.
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