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Alphabet isn't being disrupted by AI, it's growing because of it.
The big surprise in Alphabet's (GOOG 1.31%) (GOOGL 1.25%) earnings report was the company's growth in the core business, helped by more engagement and better ads using artificial intelligence. On top of that, the company is gaining share in the cloud. Travis Hoium uncovers the numbers that matter most in this video.
*Stock prices used were end-of-day prices of Oct. 30, 2024. The video was published on Oct. 30, 2024.
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Snap. The Motley Fool has positions in and recommends Alphabet, Apple, and Meta Platforms. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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