Alphabet (GOOG, GOOGL) 03 (Aug 24 - Dec 27)

[behappyalways]

Google unveils 'mind-boggling' quantum computing chip | BBC News
https://m.youtube.com/watch?v=61uvXxbhuzU

[behappyalways]

Google's new quantum chip solves problems in 5 minutes, supercomputer "outlasts the universe"

谷歌新量子晶片.5分鐘解題 超級電腦「比宇宙久」｜方念華｜FOCUS全球新聞 20241211 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=ZFLP_gwd2bI

[behappyalways]

In the past, Microsoft and now Google are involved in many technological cooperations. It is not easy to break up.

昔日微軟今朝Google 牽涉眾多科技合作拆分不易｜FOCUS午間新聞 20250101‪@tvbsfocus

https://m.youtube.com/watch?v=0bKE0eTuTQk

[behappyalways]

Visualizing What The World Googled In 2024
https://www.zerohedge.com/geopolitical/ ... ogled-2024

[behappyalways]

From Street View To AI — How Google Maps Mapped The World
https://m.youtube.com/watch?v=bk-oTa4p4Fc

[winston]

not vested

Google shares slide on spending plans despite sales jump

Alphabet reported robust fourth-quarter results on Tuesday, with revenues jumping 12 per cent to US$96.5 billion but analysts saw reason for concern in costs associated with artificial intelligence.

Google Cloud, while growing 30 per cent to US$12 billion, fell short of expectations, raising questions about the division’s ability to compete with rivals in the heated cloud computing and AI infrastructure market.

Looking ahead, Alphabet announced plans to invest approximately US$75 billion in capital expenditures in 2025, a figure that surprised analysts and highlighted the mounting costs of AI development.

Source: Reuters

https://www.businesstimes.com.sg/compan ... sales-jump

[winston]

vested

Alphabet Inc (GOOGL US / GOOG US) - Higher CAPEX to support AI capabilities

Alphabet dominates the online search market, with Google capturing over 90% of the global share and over 80% of the US share.

We expect Google to maintain its leadership position in the search space.

Alphabet operates various segments such as Google Services, Google Cloud, and Other Bets.

The Google Services segment includes a range of products and services such as advertisements (ads), Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

The Google Cloud segment consists of Google Cloud Platform (GCP), Google Workspace, and other enterprise services.

Within its Google Cloud Platform, the company offers solutions such as cybersecurity, databases, analytics, and AI offerings, including their AI infrastructure, Vertex AI platform, and Duet AI for Google Cloud.

As for Google Workspace, it comprises cloud-based communication and collaboration tools for enterprises, including calendar, Gmail, Docs, Drive, Meet, and other enterprise services.

The Other Bets segment focuses on selling healthcare-related services and internet services. BUY.

Source: OCBC

[winston]

Alphabet Inc (GOOGL US / GOOG US) - Higher CAPEX to support AI capabilities

Relatively solid 4Q24 results driven by Search and YouTube, offset by Network and weaker-than-expected Cloud

Positive commentary on key artificial intelligence (AI) initiatives

Staying focus on the longer term. Reiterate Buy rating and revising up fair value to
USD233 (from USD211)

Source: OCBC

[behappyalways]

Alphabet Tumbles On Cloud, Revenue Miss; Expects Surge In 2025 CapEx
https://www.zerohedge.com/markets/alpha ... 2025-capex

[winston]

vested

On Tuesday, Alphabet reported fourth-quarter earnings per share of $2.15, an increase of 31.1% compared to earnings of $1.64 per share a year ago. This also beat analysts’ earnings expectations for $2.13 per share.

Revenue climbed 11.8% year-over-year to $96.5 billion, up from $86.3 billion in the same quarter a year ago. Analysts had called for $96.7 billion.

Cloud revenues increased 30% year-over-year to $11.9 billion but missed expectations for $12.1 billion.

YouTube ad revenue came in at about $10.5 billion, besting analysts’ estimates for $10.2 billion and growing 13.8% year-over-year.

Translation: Pichai doesn’t seem to think DeepSeek is a major threat, also noting that there is plenty of room for new use cases for AI.

He also said that Google Cloud customers use eight times the computing capacity for training and inferencing than they did a year and a half ago.

That may sound like good news, but it also helps explain why the company will be investing roughly $75 billion in capital expenditures for the year. This is not only up 43% from last year, but also well above Wall Street’s projections for $59 billion.

Source: Investor Place