ALPHAbet Inc. (GOOGL) stock has surged 11% in the past month, outperforming most "Big Tech" peers. The Google parent company reported first-quarter revenue of $96.4 billion, exceeding analyst expectations by 3 percentage points. Search business revenue reached the top of the expected range, while cloud services grew by 32% year-on-year.
As the tech giant doubles down on AI infrastructure, capital expenditure is expected to reach $85 billion this year—$10 billion higher than previous guidance. Quilter Cheviot analyst Ben Barringer noted: "Alphabet's financial report demonstrates its resilience against AI disruption threats." The company's AI investments are generating significant returns in its core business segments.
