Alphabet surpasses expectations and demonstrates strength in the cloud sector

The technology giant Alphabet, Google's parent company, has significantly exceeded analysts' expectations with its financial results for the third quarter. With earnings per share of $2.12 on revenue of $88.27 billion, the company surpassed Bloomberg's estimates of $1.83 per share and $86.44 billion in revenue. In the area of advertising revenue, Alphabet reported an impressive $65.85 billion, which not only exceeded analysts' forecasts of $65.5 billion but also represented an increase compared to the same period last year with $59.65 billion. Alphabet's shares rose by more than 3% in after-hours trading. This positive development in the cloud segment occurs alongside expected growth intentions from competitors like Microsoft and Amazon, which are also heavily investing in AI infrastructure. At the same time, Google faces new challenges as AI-powered chatbots become increasingly sophisticated, and even Meta has begun developing a search engine to strengthen its Meta AI chatbot. The question of how these new systems compare to Google's traditional and AI-enhanced search remains crucial for the company. Meanwhile, other tech giants like Meta and Microsoft are preparing to release their quarterly results. Amazon and Apple will follow shortly thereafter.