The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 20, Alphabet reported earnings of $5.11 per share and revenue of $109.9 billion, exceeding estimates. The company also raised its quarterly dividend to $0.22 per share. Revenue saw a 22% year-over-year increase, with significant growth in the Cloud segment at 63%. Meanwhile, Stanley Druckenmiller sold all his Alphabet shares and shifted his investments to other AI-related stocks.