Or it could be a hint of trouble — except for the fact that analysts are confident the stock correction was overblown. Overall revenue came in at $76.7bn (€72.2bn) for the third quarter between July and September, up 11pc year on year. The reaction was interpreted by many analysts as the importance investors are placing on tech giants making inroads with artificial intelligence (AI). Google’s cloud division is where the company hosts its AI tools, such as products focused on streamlining its advertising offering. Analysts at US investment bank Jefferies said Alphabet faces challenges in ramping up its AI infrastructure.

Source: Irish Independent November 05, 2023 05:34 UTC