Why Alphabet Stock Is Rising Today
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Alphabet's stock rose 1.6% after reporting strong Q1 results, with earnings per share of $2.81 and sales of $90.23 billion, surpassing analyst expectations. The advertising sector, boosted by AI services, generated $66.8 billion, while Google Cloud sales grew 28% year-over-year despite slightly missing forecasts. Management expressed confidence in the company's resilience amid macroeconomic challenges and regulatory pressures, indicating operational efficiency and continued growth potential.
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