Alphabet Stock Climbs Nearly 4% In Thursday Pre-Market: What's Going On?
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Alphabet Inc. shares rose 3.87% in pre-market trading following strong Q2 results, with revenue of $96.43 billion exceeding expectations of $93.72 billion. EPS was $2.31, above the anticipated $2.16. The growth was driven by demand for cloud services, prompting a CapEx outlook increase to $85 billion for 2025. CEO Sundar Pichai emphasized AI leadership and strong performance in YouTube and subscriptions. Despite concerns about AI talent retention, Pichai remains confident in attracting top talent. Alphabet holds a growth score of 87.24% and a momentum rating of 47.38%.
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