Alphabet Q1'24 Earnings Report. Full UpAlphabet announced First Quarter 2024 Results. Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.” Ruth Porat, President and Chief Investment Officer; CFO said: “Our strong financial results for the first quarter reflect revenue strength across the company and ongoing efforts to durably reengineer our cost base. We delivered revenues of $80.5 billion, up 15% year-on-year, and operating margin expansion.” Revenues B$80.539, Change in revenues year over year +15 % Operating income B$25.472, Operating margin +32 %. Diluted EPS $1.89 ($1.511 Estimated). Dividend Program Alphabet’s Board of Directors approved the initiation of a cash dividend program, and declared a cash dividend of $0.20 per share that will be paid on June 17, 2024, to stockholders of record as of June 10, 2024, on each of the company’s Class A, Class B, and Class C shares. The company intends to pay quarterly cash dividends in the future, subject to review and approval by the company’s Board of Directors in its sole discretion. Stock Repurchases Alphabet’s Board of Directors today authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares. The repurchases are expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions. Technical graph indicates on Strong Bullish Sentiment. by Pandorra2
$GOOG Dreaded Double TopHere we are looking at NASDAQ:GOOG for long term market direction We can see on the large time frame we are developing a double top scenario within a rising wedge. With the higher time frames coming into focus as the dominant chart, we are likely to see Google fall over the coming weeks to close gaps at or very near to 143 and again at 112. If you inspect the Daily CCI you will see we are breaking negatively to the downside below the zero line and implying a pick up in speed Coming Soon ™ on an impending pullback. If the Daily CCI holds here we could see support forming for a leg Higher. Shortby Midgar-1
GOOG “Google” signaling Bearish Divergence before earnings!!!!This is a crucial week for the tech industry with the Mag 7 approaching earnings, and GOOG “Google” particularly has earnings Thursday After-Hours. We’ve been displaying Bearish divergence since January, and currently forming a Head & Shoulders pattern……given the current market sentiment I believe we could see a nice pull back from Google before continuing to the upside. Long-term I’m definitely bullish on GOOG, however short term I believe we’re due for a pullback! -@Gutta_CEO_Shortby Gutta_CEO_1
$GOOG Bearish Reversal, next target is $145Hello everybody, NASDAQ:GOOG has been trading within a rising channel. The recent rejection of price at channel top has reversed the trend and now NASDAQ:GOOG is heading to the lower bottom of channel, the short term price target is $145 where the previous gap fills. This is not a financial advice. Cheers!!Shortby Jay_Mata_Laxmi111
Google Set to Scrap Minimum Wage Stock Drop 1%Alphabet Inc.'s Google ( NASDAQ:GOOG ) has announced its decision to reverse the policy requiring its US-based suppliers and staffing firms to provide their employees with at least $15 per hour as well as health insurance and other benefits. The move allows the tech giant to avoid bargaining with unions and comply with evolving US and global labor regulations concerning contingent workers. This change, along with measures such as restricting access to internal systems for temporary workers and vendors, aims to clarify that Google is not and never has been the employer of the employees of its suppliers. According to a Google spokesperson, these updates bring Google in line with other significant companies. This announcement follows a recent ruling by the US National Labor Relations Board that recognized Google as a 'joint employer' of workers supplied by Cognizant Technology Solutions, requiring the tech giant to negotiate with their union. Google is currently appealing the decision. The 2019 policy was used by the board as evidence that Google exercised control over workers, despite not employing them directly. The labor board has made it more challenging for companies to avoid bargaining with temporary and contract workers. In 2020, it adopted a rule that considers companies to be the employers of contract workers if they have indirect control over working conditions. A federal judge blocked the rule from taking effect in March. The spokesperson stated that Google ( NASDAQ:GOOG ) would continue enforcing its supplier code of conduct, which requires staffing firms and vendors to provide safe working conditions and fulfill current legal obligations. The majority of the company's suppliers operate in states that mandate a minimum wage of at least $15.by DEXWireNews1
Short Selling Opportunity In Alphabet (Google)NASDAQ:GOOG Entry - 158.80/- Target 1 - 156.68/- Target 2 - 154.74/- MACD also indicates a bearish trend.Shortby swaaapnilUpdated 1
Alphabet Inc.'s Google Has Terminated 28 EmployeesAlphabet Inc.'s Google ( NASDAQ:GOOG ) has terminated 28 employees for their involvement in protests against Project Nimbus, a joint $1.2 billion agreement with Amazon.com Inc. to provide AI and cloud services to the Israeli government and military. The protests, organized by the No Tech for Apartheid campaign, took place on Tuesday across Google offices in New York City, Seattle, and Sunnyvale, California. Protesters in New York and California staged a nearly 10-hour sit-in, with others documenting the action through a Twitch livestream. Nine protesters were arrested on trespassing charges. Several workers involved in the protests, including those not directly engaged in the sit-in, received a message from the company's Employee Relations group informing them that they had been put on leave. Google told the affected employees that it's "keeping this matter as confidential as possible, only disclosing information on a need-to-know basis" in an email seen by Bloomberg. On Wednesday evening, the workers were informed that they were being dismissed by the company, according to a statement from Google staff with the No Tech for Apartheid campaign. Google's statement regarding the protesters stated, "Physically impeding other employees' work and preventing them from accessing our facilities is a clear violation of our policies, and completely unacceptable behavior. After refusing multiple requests to leave the premises, law enforcement was engaged to remove them to ensure office safety. We have so far concluded individual investigations that resulted in the termination of employment for 28 employees, and will continue to investigate and take action as needed." The protest took place a day before the Israeli government approved its five-year strategic plan to transition to the cloud under Project Nimbus and expand digital services. Israel's Defense Ministry and military were listed in a government statement as partners in Project Nimbus, along with other government offices. A representative for Google said that the Nimbus contract is "not directed at highly sensitive, classified, or military workloads relevant to weapons or intelligence services." Google ( NASDAQ:GOOG ) has long favored a culture of open debate, but employee activism in recent years has tested that commitment. Workers who organized a 2018 walkout over the company's handling of sexual assault allegations claimed that Google punished them for their activism. Four other workers alleged they were fired for organizing opposition to Google's work with federal Customs and Border Protection and for other workplace advocacy. US labor law gives employees the right to engage in collective action related to working conditions. Tech workers will likely argue that this should grant them the ability to band together to object to how the tools they create are used, said John Logan, a professor of labor at San Francisco State University. Tech companies like Google ( NASDAQ:GOOG ) have a reputation for having "more egalitarian and very cosmopolitan work cultures, but when they encountered labor activism among their own workers, they actually responded in a sort of quite draconian way," Logan added. Two Google employees who were involved in the protest in California told Bloomberg that a group of workers gathered on the sixth floor of Google's Sunnyvale bureau, where Cloud Chief Executive Officer Thomas Kurian's office is located, to show support for those who were staging the sit-in. It's unclear how Google identified participants in the protest, as only some had their badges scanned by security personnel, and some of those who were fired were outside Google's offices, according to the employees. One worker said Google ( NASDAQ:GOOG ) may have framed the move to initially place employees on leave as "confidential" to save face publicly, and argued that the protesters did not violate any company policies. The protesters left the building as soon as they were asked to and did not obstruct or disrupt others at the company, the person said. Beyond the protest, Google ( NASDAQ:GOOG ) has struggled with how to manage internal debate about the Middle East conflict. After the demonstration, posts on internal Google forums featured a mix of pro-Palestinian and pro-Israeli sentiment, with a number of other workers saying they felt the topic was inappropriate for the workplace, a Google ( NASDAQ:GOOG ) employee said. Moderators locked down some threads on the subject, saying prior discussions had gotten too heated, the employee added. Despite Google's response, employees demonstrating against Project Nimbus have seen an uptick in support since the sit-in, said one of the fired workers.Longby DEXWireNews222
GOOGLE Short-term correction is another longterm buy opportunityLast time we looked at Alphabet Inc (Google/ GOOG) almost two months ago (February 27, see chart below) we caught an excellent buy entry and even tough the price dipped some more after, it is approaching our 168.00 Target: Yesterday's strong bearish 1D candle serves as an early signal that the stock can pull-back to its 1D MA50 (blue trend-line) again on the short-term before resuming the long-term bullish trend. After all this is not unfamiliar to Google's 15-month Channel Up pattern, which had a similar 1D MA50 pull-back on numerous occasions, the shortest of which has been -10.45%. Due to the fair symmetrical attributes of the Higher Highs as well, we revise our Target and place it even higher at 175.00 (+22.18% projection from the expected Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot1110
Google Goes is DownBearish divergence in stock trading occurs when the price of an asset forms higher highs while the corresponding indicator, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), forms lower highs. This suggests weakening momentum and potential for a downward move in price. The possibility of a move down depends on various factors such as market conditions, volume, and other technical indicators, but it indicates a higher probability of a downward correction or trend reversal. In trading, all we have is probability and risk management. I’m entering at the re-test of today’s low. Join me. Shortby kingjtimothy2
AI vs. AGI: The Race for Performance, Battling the Cost?Artificial intelligence (AI) has become ubiquitous, transforming industries and powering everything from facial recognition to self-driving cars. However, the dream of Artificial General Intelligence (AGI) – machines with human-level intelligence and understanding – remains elusive. Let's delve into the key differences between AI and AGI, particularly regarding their performance and the immense computational cost that hinders AGI development. AI: The Specialized Powerhouse Current AI excels in specific tasks. Deep learning algorithms trained on massive datasets can identify objects in images with superhuman accuracy, translate languages with remarkable fluency, or play games at a level surpassing even the most skilled humans. This specialization, however, comes at a cost. AI systems often struggle with tasks outside their narrowly defined domain. For example, an image recognition AI trained on cat pictures may misidentify a dog as a cat due to a lack of broader understanding. Computationally, AI can be quite efficient. While training complex models requires significant resources, once trained, they can run on relatively inexpensive hardware. This efficiency is crucial for real-world applications where cost is a major factor. AGI: The Elusive Generalist AGI represents the holy grail of AI research – a machine that can learn, reason, and adapt to new situations just like a human. Such an intelligence would have applications beyond our wildest dreams, revolutionizing every aspect of society. However, achieving AGI presents a significant challenge. The human brain, with its intricate network of neurons and complex processes, is a marvel of biological engineering. Replicating this level of intelligence artificially requires immense computational power. Training AGI models on the vast amount of data needed for general knowledge would require massive computing clusters, consuming enormous amounts of energy. This not only raises practical concerns about cost but also environmental ones. The Road Ahead The quest for AGI continues, with researchers exploring various avenues. Neuromorphic computing, which attempts to mimic the structure and function of the brain, holds promise for more efficient learning algorithms. Additionally, advancements in hardware, such as specialized AI chips, could help reduce the computational burden. While the development of true AGI might still be far off, the ongoing research paves the way for more powerful and versatile AI. By optimizing existing algorithms and developing new computational architectures, we can bridge the gap between specialized AI and the dream of a general artificial intelligence. This journey will require innovation not just in AI research but also in sustainable energy solutions to power these future advancements. 1Current AI vs. Non-existent AGI: By definition, there is no true AGI (Artificial General Intelligence) yet. So, in that sense, current AI excels in its specific field because AGI wouldn't have a "field" in the same way. Specialized AI vs. Hypothetical General AGI: If an AGI ever emerges, it's unlikely to directly compete with specialized AI in their narrow domains. Here's why: Specialization is Key: Current AI thrives because it's laser-focused on specific tasks. An AGI, with its broader intelligence, might not be as efficient for these tasks. Different Tools for Different Jobs: Imagine needing to hammer a nail. You wouldn't use a Swiss Army knife (the AGI) when a simple hammer (the specialized AI) is perfect for the job. Outperform in Unfamiliar Situations: While a specialized AI might struggle with anything outside its training data, an AGI could potentially adapt and learn new tasks more readily. Revolutionize the Field: An AGI might not directly "beat" a specialized AI, but it could completely redefine how a task is approached, leading to even more powerful AI solutions. DeepMind, a leading AI research lab owned by Google, is tackling a wide range of ambitious projects. Here are some highlights: Healthcare: DeepMind Health is applying AI to medical challenges. They've collaborated with hospitals to develop algorithms for analyzing eye scans for early signs of blindness and differentiating healthy from cancerous tissues. Scientific Discovery: DeepMind's AlphaFold project has made significant strides in protein folding prediction, a critical step in understanding diseases and developing new drugs. Efficiency and Sustainability: A collaboration with Google AI led to WaveRNN, a method for improving audio call quality, even with dropped packets. Their AlphaFold project itself has the potential to accelerate discoveries in clean energy and materials science. Gaming and Robotics: DeepMind's AI agents have achieved superhuman performance in complex games like StarCraft II. Their AlphaFold project demonstrates the potential for AI-powered robotics in scientific experimentation and materials creation (Project A-Lab). AI for the Future: DeepMind's efforts extend beyond specific applications. Their Visualising AI program commissions artists to create thought-provoking pieces that challenge how we perceive AI. Additionally, their recent release of Gemma, a state-of-the-art open model, promotes responsible AI development by making research tools more accessible. These are just a few examples. DeepMind is constantly pushing the boundaries of AI research, aiming to use this technology for positive impact across various fields. You can find more details on their latest projects on their website Educationby Moshkelgosha6
Google Cloud Expands Reach in Finance Sector with Innovative AI In a strategic move aimed at revolutionizing the financial landscape, Google Cloud ( NASDAQ:GOOG ) has announced groundbreaking partnerships with three industry leaders, signaling a significant leap forward in the adoption of cutting-edge technology within the sector. At the forefront of these collaborations is Citadel Securities, a powerhouse in the capital markets arena. Building upon a seven-year relationship, Citadel Securities is poised to elevate its quantitative research platform to unprecedented heights with the aid of Google Cloud's advanced technology. With features designed to enhance performance profiling, efficiency monitoring, and research productivity, the platform promises to revolutionize trading operations, solidifying Citadel Securities' position as a frontrunner in the industry. Meanwhile, in Canada, Scotiabank is set to leverage Google Cloud's Vertex AI solution to drive innovation in language models and generative AI. This strategic partnership underscores Scotiabank's commitment to enhancing security and client experience through cutting-edge chatbot technology and AI-driven search tools. By harnessing the power of Vertex AI, Scotiabank aims to deliver unparalleled service excellence while staying ahead of the curve in an increasingly competitive market. Joining the ranks of innovators is Discover Financial Services, a stalwart in digital banking and payment services. By integrating Google Cloud's AI capabilities, Discover is poised to revolutionize its contact centers with real-time search assistants, enhanced self-service options, and intelligent document summarization tools. This transformative initiative underscores Discover's unwavering commitment to delivering superior customer experiences and driving operational efficiency through the power of AI. These strategic partnerships mark a pivotal moment in the financial industry's digital transformation journey, highlighting the growing appetite for cloud capabilities and AI-driven solutions. With Google Cloud ( NASDAQ:GOOG ) at the helm of innovation, financial institutions are empowered to unlock new possibilities, drive growth, and stay ahead in an increasingly dynamic and competitive landscape. As Google Cloud ( NASDAQ:GOOG ) continues to push the boundaries of what's possible, these collaborations serve as a testament to the company's unwavering commitment to driving technological innovation and empowering businesses to thrive in the digital age. With transformative solutions and strategic partnerships, Google Cloud ( NASDAQ:GOOG ) is redefining the future of finance, one breakthrough at a time.by DEXWireNews111
GOOGL - After every Storm, there is a Rainbow 🌈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GOOGL has been overall bullish, trading within the rising rainbow wedge pattern. Currently, GOOGL is in a storm 🌪/ correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support. Moreover, it is retesting a strong support zone at $128 marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower rainbow trendline. 📚 As per my trading style: As #GOOGL is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalystUpdated 111140
GOOGLE into major resistance at $163. A retracement is expected GOOGLE into major resistance at $163. A retracement is expected which could take price to $140. Mapped out in blue line our expected price movement. Would you short it at resistance?Shortby JK_Market_Recap1
Google's Dive: Next Stop Wave 2? Google is currently experiencing a significant drop, just as expected, with a decline of more than 3%. We should soon be at a point to conclude Wave A of this correction, then move upwards into Wave B, and finally downwards into Wave C. The exact development remains uncertain. Google moves very similarly to Apple, yet they are not in an identical cycle. We don't foresee a possibility of a much deeper fall, perhaps only a retest of the $83.34 level. However, we shouldn't fall much below that. We're anticipating that we are in a Wave (2), which should reach between 50 and 78.6%. This places Google's level between $119 and $99 in this scenario. We will keep you updated on the type of correction—zigzag or flat—we are dealing with. For now, we strongly believe that we will soon see this Wave (2) materialize.Longby stromm_by_wmcUpdated 8
GOOGL upside tgts hit. Bearish energy.I had an old idea from the end of January on GOOGL when I attempted to get an idea of what to expect for earnings with my dowsing work. It wasn't the greatest, but there was some relevance, and now over 2 months later, GOOGL has reached slightly above the original $156-57 target and the energy is now bearish. I ask what the target is and get the $130 level. I don't like that it perfectly lines up with those prior lows because in my past experience, this can just be pointing out an important low. So, I ask for a second level and get $137. Possibly $139, so watch around there. That's all for now.Shortby JenRz0
Practice GOOGL earnings btdMy dowsing chose this one out of the options available on the earnings whisper calendar posted on X, so I had to see what's up. I've avoided earnings for awhile, but it's good practice, so here goes: Watch for a spike down and reverse up. Low around 12 pts down = $139ish possibly 138 Time of day to look for the low or reversal up: 12:50-1:00 I've experimented with times quite a bit with /ES and it's mostly good, but most often reflects the time before an actual directional move and can be a higher low/lower high kind of idea. So don't expect it to necessarily be the dead lows, and sometimes it's just plain wrong. I'm interested in this though since my pendulum chose this stock out of all the other ones. I'll update with a target if this seems to be the scenario.by JenRzUpdated 114
Looking bullish immediately on GOOGL.🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long02:19by OptionsMastery1
Google Unveils New AI Chip for Data CentersIn a groundbreaking move, Google ( NASDAQ:GOOG ) has introduced its latest innovation in the realm of artificial intelligence with the unveiling of the Axion chip. Representing a significant leap forward in processing power, the Axion chip marks Google's foray into the Armv9 architecture, promising unparalleled performance and efficiency. Designed exclusively for deployment within Google's cloud infrastructure, the Axion chip sets a new standard for data center processing capabilities. With an emphasis on maximizing performance while minimizing energy consumption, the Axion chip boasts a remarkable doubling in performance compared to its predecessors. This leap in processing power enables Google to offer developers access to clusters comprising a staggering 8,960 Axion processors, setting the stage for unprecedented computational capabilities. One of the most striking features of the Axion chip is its superiority over rival offerings in the market. Google developers assert that the Axion chip outperforms similar Arm processors from competitors like AWS and Microsoft by an impressive margin of 30%. Furthermore, when compared to Intel's x86 chips, long regarded as the industry standard, the Axion chip demonstrates a remarkable 50% increase in performance. Despite Google's reticence regarding specific benchmarks and technical specifications, industry experts are already buzzing with excitement over the potential implications of the Axion chip. Its arrival heralds a new era of innovation and competitiveness in the data center landscape, with Google poised to maintain its position at the forefront of technological advancement. As Google ( NASDAQ:GOOG ) continues to push the boundaries of AI and machine learning, the Axion chip represents a key milestone in the company's quest to unlock the full potential of data-driven insights. With its unrivaled performance and groundbreaking architecture, the Axion chip is set to revolutionize the way data centers operate, paving the way for a future powered by intelligent computing. In conclusion, Google's unveiling of the Axion chip marks a significant milestone in the evolution of data center technology. With its unparalleled performance and game-changing capabilities, the Axion chip promises to shape the future of AI-driven innovation, cementing Google's position as a trailblazer in the field of computational intelligence.Longby DEXWireNews4
GooglChannel trade here.. Approaching trendline resistance here around 157.50.. looking for a pullback to 150 before a final push up to 160.. Correction Mid - late May back to trendline support Shortby ContraryTrader15
Calendar CallSPX bearish bias and google going higher than other stocks with a sell zone active on weekly time frame I am going for CALENDAR CALL strategy for goole before earnings weekShortby AynurNurUpdated 3
GOOG “Google”……”Cup and Handle”Google formed a “Cup and Handle” Pattern……Broke and retest highs……we could see GOOG “Google” go on a nice run soon……let’s see how this one plays out!Longby Gutta_CEO_3
GOOG- a cup and handle in formation LONGGOOG on the daily time frame showa a cup and handle pattern beginning at the November 21 high from the uptrend out of the Covid "crash" Price has printed the cup and returned to the same price level of about 150 ; A handle is forming now. The cup and handle pattern forecasts a bullish continuation from that price level to the extent of the height of the cup. Accordingly, this would be from about $ 150 to about $220. Daily charts have high reliability as do cup and handle patterns. The RSI indicator shows strength in the 50-60 range so GOOG has a long way to go before being overbought. . Once price is over $ 150, I will initiate a position on GOOG shares and look to also take call options striking $150 for late 2024 or 2025.Longby AwesomeAvaniUpdated 7