Alphabet announces earnings on October 29 amidst legal challenges and AI competition, while seeing revenue growth and strong Google Cloud performance.

Alphabet will announce its earnings on October 29, facing monopoly lawsuits and competition from AI firms like OpenAI. Despite these issues, the company’s revenue and profits are increasing, with Google Search revenue rising to $48.5 billion last quarter. Google Cloud is its fastest-growing segment, driven by AI demand. With a 30% operating margin and a price-to-earnings ratio of 23.5, Alphabet may be an attractive investment ahead of the earnings report.

October 27, 2024
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