CNBC's "Fast Money" Alphabet soars after earnings, plus results from Microsoft, Snap and Intel 4/25/24
Apr 25, 2024
Big tech earnings season analysis, focusing on Alphabet & Microsoft. Market reactions, AI investments, and operational efficiencies discussed. Intel's market performance & challenges highlighted. Mining industry trends, Newmont's operations, and investment strategies examined. Market performance post GDP report and Snap's earnings report analyzed.
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Alphabet's Soaring Success
- Alphabet added $300 billion in market cap after announcing its first dividend and a $70 billion stock buyback.
- This news overshadowed concerns about AI's impact on search ads, as Google reported increased search usage with the new AI overview.
Google's Core Business Strength
- Google's strong quarter addressed short-term concerns about AI's impact on its search business.
- The company's core business continues to perform well, with all geographies showing positive results.
Microsoft's Azure Growth and Buybacks
- Microsoft's Azure Cloud growth accelerated, driven by a 7% contribution from AI.
- The company also announced $8.5 billion in share buybacks.