Google Q3: Management Remains Composed Amid AI Engine Threat (Rating Upgrade)
Portfolio Pulse from
Google's Q3 results exceeded expectations with a significant EPS and revenue beat. YouTube and Cloud segments showed strong growth. Despite AI competition, Google is rated as a Strong Buy due to its diversification and investments in AI and YouTube.
November 05, 2024 | 12:30 pm
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Google's Q3 results exceeded expectations with EPS and revenue beats. YouTube revenue surpassed $50B, and Cloud grew 35% YoY. Despite AI competition, Google is rated as a Strong Buy due to its diversification and investments in AI and YouTube.
Google's strong Q3 performance, with significant growth in YouTube and Cloud, supports a positive outlook. The company's diversification and investments in AI and YouTube mitigate risks from AI competition, justifying the Strong Buy rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100