Best Investment Right Now

Alphabet vs Microsoft

Alphabet stock surged 13% after reporting its quarterly earnings, pushing it into the $2 trillion market cap alongside Apple, Microsoft and Nvidia. Google’s parent company reported $80.5 billion in profit over $69.8 billion this time last year. Their cloud services increased 28% to $9.6 billion. “Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” stated CEO Sundar Pichai.

Microsoft also soared high after quarterly earnings reporting of $61.9 billion profit. $35.1 billion of that was from Microsoft’s overall commercial cloud revenue.

These results show the battle the big three rivals, Amazon, Microsoft and Alphabet are in to provide comprehensive AI solutions to commercial and private customers. AI seems to be the future of the tech sector.

Please note, the above is for educational purposes only and does not constitute advice. You should always contact your advisor for a personal consultation.

* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.