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GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai projects YouTube and Cloud businesses to generate $100 billion by 2024, indicating a 25% growth rate over the next three quarters. This forecast follows Alphabet's Q1 earnings report showing a 15% year-over-year revenue increase to $80.539 billion and earnings of $1.89 per share, surpassing analyst estimates. Alphabet's stock rose significantly in after-hours trading following the announcement.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:32 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai expressed confidence in managing costs for the new search experience with generative answers, following strong first-quarter earnings. The company beat analyst estimates, with revenue up 15% year-over-year. There's speculation about Google charging for AI-powered search, which could generate additional revenue. Alphabet's Class A and Class C shares saw significant after-hours gains.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 2:28 am

GOOG

GOOGL

Alphabet Inc.'s CEO Sundar Pichai praised the development of Gemini AI during the first-quarter earnings call, highlighting its advancements and the release of Gemini 1.5 Pro. Despite controversies over its accuracy, Pichai noted the enthusiastic adoption of Gemini by developers and enterprise customers. The AI's innovative features have been overshadowed by criticism for generating historically inaccurate images, leading to temporary disabling of its image generation capability. Alphabet's Class A and Class C shares saw significant after-hours gains.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 2:12 am

BHP

FCX

GLNCY

NGLOY

RIO

VALE

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm

MSFT

NVDA

Microsoft's CEO announced that over 65% of Fortune 500 companies are now utilizing Azure OpenAI Service, highlighting an acceleration in the number of large Azure deals during a conference call.

Portfolio Pulse from Charles Gross

April 25, 2024 | 9:41 pm

INTC

During a conference call, an Intel executive announced that Intel Foundry Services has secured a customer within the aerospace and defense industry, though the customer's name was not disclosed.

Portfolio Pulse from Charles Gross

April 25, 2024 | 9:25 pm

ABNB

AMD

AMZN

ASML

GOOG

META

NVDA

Nationwide pro-Palestine protests at U.S. universities have led to hundreds of arrests, with students demanding divestment from companies benefiting from Israel's actions in Gaza and the West Bank. Companies like Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), ASML Holding (ASML), Boeing (BA), Amazon.com (AMZN), and Airbnb (ABNB) are mentioned in relation to these divestment calls. The protests aim to pressure Israel into a cease-fire and have sparked significant controversy and media attention.

Portfolio Pulse from Natan Ponieman

April 25, 2024 | 9:12 pm

INTC

Intel reported that it could have sold more AI PC processors and anticipates a stronger performance in the second half of the year, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:03 pm

ADVM

Adverum Biotechnologies, Inc. (NASDAQ:ADVM) announced it will present 26-week interim analysis from its LUNA Phase 2 study of ixoberogene soroparvovec for wet AMD at the ASRS Annual Scientific Meeting in Stockholm, Sweden, on July 17, 2024. The presentation will focus on the gene therapy's effectiveness in treating wet age-related macular degeneration.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:40 pm

GOOG

GOOGL

Alphabet Inc reported Q1 earnings with a 15% year-over-year revenue increase to $80.539 billion, surpassing estimates. Earnings per share were $1.89, beating forecasts. The company announced a $70 billion buyback and its first-ever dividend of 20 cents per share. Alphabet's strong performance was attributed to its leadership in AI, with significant contributions from Google Search, YouTube, and Google Cloud revenues. No forward guidance was provided.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 8:30 pm