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Google's Q1 2024 earnings report interpretation—advertising remains stable, AI and cloud businesses show positive trends.
Early this morning, $Alphabet(GOOGL.US) released its Q1 2024 earnings report. Once again, Alphabet and Microsoft announced earnings on the same day, and both companies surged after the reports—Alphabet jumped 11%, while Microsoft rose 4%. The stock prices have already reflected the market's reaction to Alphabet's earnings. For a company of this size, an 11% surge is quite rare. Alphabet's business is relatively straightforward, with advertising as its core, accounting for about 76% of total revenue, making it the world's largest internet advertising company. Cloud services represent its second growth curve...
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