Tonight, Google's earnings report is the blockbuster of the week!
Alphabet's Q3 revenue topped $100 billion for the first time in a single quarter. EPS and cloud business results both beat expectations by a wide margin, and the stock jumped more than 7% after hours.
For a while, the market had been worried about the massive spending on AI and the lack of returns. AI stocks were selling off across the board, and BTC was dragged down to $80,000. But this earnings report shows that Google's AI capex is starting to pay off.
Google Cloud's backlog stands at $155 billion, and the number of billion-dollar deals exceeds the total from the previous two years. Orders for TPU partnerships with Anthropic, Meta, and OpenAI are booming. Add in Anthropic's revenue growth of 12x, and the case for AI profitability is back on track.
Google's earnings beat expectations, raising the bar for Microsoft and Amazon's upcoming reports and improving sentiment across the Nasdaq's AI sector. BTC is highly correlated with the Nasdaq, and the $80,000 support level has received a strong catalyst. ETFs had been seeing persistent outflows, and the Coinbase premium had stayed negative for a long time—the market had been waiting for a turning point, and Google was the first trigger.
Keep an eye on the remaining tech earnings reports and the Fed decision! For more insights and intraday trading ideas, follow me—👇 join in.
#币安神算子 #谷歌财报能否守住基本盘 $GOOGL
Alphabet's Q3 revenue topped $100 billion for the first time in a single quarter. EPS and cloud business results both beat expectations by a wide margin, and the stock jumped more than 7% after hours.
For a while, the market had been worried about the massive spending on AI and the lack of returns. AI stocks were selling off across the board, and BTC was dragged down to $80,000. But this earnings report shows that Google's AI capex is starting to pay off.
Google Cloud's backlog stands at $155 billion, and the number of billion-dollar deals exceeds the total from the previous two years. Orders for TPU partnerships with Anthropic, Meta, and OpenAI are booming. Add in Anthropic's revenue growth of 12x, and the case for AI profitability is back on track.
Google's earnings beat expectations, raising the bar for Microsoft and Amazon's upcoming reports and improving sentiment across the Nasdaq's AI sector. BTC is highly correlated with the Nasdaq, and the $80,000 support level has received a strong catalyst. ETFs had been seeing persistent outflows, and the Coinbase premium had stayed negative for a long time—the market had been waiting for a turning point, and Google was the first trigger.
Keep an eye on the remaining tech earnings reports and the Fed decision! For more insights and intraday trading ideas, follow me—👇 join in.
#币安神算子 #谷歌财报能否守住基本盘 $GOOGL
