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Alphabet beats Q2 revenue and earnings estimates, driving stock value up to $2.34 trillion.
Alphabet Inc., parent company of Google, reported stronger-than-expected Q2 earnings with revenue of $96.43 billion, surpassing estimates of $93.67 billion, and EPS of $2.31, beating the consensus of $2.12.
The company's advertising and cloud segments saw significant growth, and it plans to increase AI investments.
Prospect Financial Group and Drive Wealth Management have also increased their stakes in Alphabet.
The stock, valued at $2.34 trillion, has seen a boost following these positive results.
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Alphabet supera las estimaciones de ingresos y ganancias del segundo trimestre, elevando el valor de las acciones a $2.34 billones.