Column: Alphabet’s Wobbly Quarter Is No Sign of a Crisis
Not long ago, investors were deeply concerned that people would stop using Google altogether in favor of a competing AI product. Instead, the company has moved quickly to defend its position, and those fears have been largely unfounded. Search-query growth is at its highest in half a decade, the company disclosed on Wednesday. Monetization comes next, and investors need to be patient as the company manages that transition.
Alphabet’s Wobbly Quarter Is No Sign of a Crisisbloomberg.comInvestors were thoroughly unimpressed with Alphabet Inc.’s third-quarter earnings on Wednesday evening. Shares tumbled nearly 11% after the company missed sales and profit expectations. It was a sign, Bloomberg News reported, that Wall Street wasn’t satisfied that Google is seeing enough of a return on its artificial-intelligence bets.