'Real Deal': Amid Microsoft, Google Earnings, Techpreneur Says By 2030 Companies Not 'Fully Utilizing AI' Will Be 'Out Of Business'
Portfolio Pulse from Benzinga Neuro
Tech entrepreneur Peter H. Diamandis emphasized the critical role of AI in driving earnings growth for Alphabet Inc. (GOOGL, GOOG) and Microsoft Corporation (MSFT), predicting that by 2030, companies not fully utilizing AI will be out of business. Alphabet and Microsoft have shown significant revenue increases, attributed to their leadership in AI, with Alphabet's Q1 revenue up 15% YoY and Microsoft's Q3 revenue up 17% YoY, both surpassing consensus estimates.
April 26, 2024 | 1:16 pm
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POSITIVE IMPACT
Alphabet Inc.'s Class C Capital Stock (GOOG) is recognized for its AI-driven earnings growth, with a recent 15% YoY increase in Q1 revenue, surpassing consensus estimates.
Given Peter H. Diamandis's comments on the importance of AI and Alphabet's demonstrated earnings growth attributed to AI, GOOG's stock is likely to see a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Alphabet Inc.'s Class A Common Stock (GOOGL) is highlighted for its AI-driven earnings growth, with a recent 15% YoY increase in Q1 revenue, surpassing consensus estimates.
Peter H. Diamandis's emphasis on AI as a critical factor for future business success, combined with Alphabet's recent earnings surpassing estimates due to AI, suggests a positive short-term impact on GOOGL's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Microsoft Corporation (MSFT) is praised for its AI-driven earnings growth, with a recent 17% YoY increase in Q3 revenue, exceeding consensus estimates.
The focus on AI as essential for future success by Peter H. Diamandis, along with Microsoft's earnings growth surpassing estimates due to AI, indicates a positive short-term impact on MSFT's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90