Alphabet Q3 Results: ‘lots more to come…’ – Google parent’s focus on Artificial Intelligence

Alphabet Q3 Results: ‘lots more to come…’ – Google parent’s focus on Artificial Intelligence

Google-parent Alphabet Inc’s cloud business reported a slower growth of 22.5% in its third quarter revenue. Google Cloud also posted a net profit during the quarter, which was less than Wall Street estimates, raising concerns about the company’s position in the market. However, the company said it is focusing more on making Artificial Intelligence (AI) … Read more

Wall Street: US stock market ends high led by gains in tech stocks; Nvidia shares jump 7%

Wall Street: US stock market ends high led by gains in tech stocks; Nvidia shares jump 7%

US stock market indices ended higher on Monday led by gains in technology stocks that witnessed their best days in two weeks. The S&P 500 rallied 0.58% to end at 4,489.72 points, while the Nasdaq jumped 1.05% to 13,788.33 points. The Dow Jones Industrial Average ended 0.07% higher at 35,307.63. Rally in S&P 500 and … Read more