Google-eier Alphabet dro inn 127,5 milliarder dollar

Alphabet, the parent company of Google, reported revenue of 127.5 billion dollars in the third quarter, marking a 25% increase compared to the same period last year. Analysts had expected earnings of 127.9 billion dollars. The company's net income reached 40.6 billion dollars, up from 31.2 billion dollars in the previous quarter.

Google Cloud's performance was particularly strong, with revenue of 30.7 billion dollars in the quarter, compared to 15.1 billion dollars in the prior quarter. Following the announcement, Alphabet's stock fell more than 7% within an hour of the opening bell. Bloomberg criticized the quarterly report as a "letdown for investors who had hoped for greater returns from the company's massive AI investments."

Earnings per share came in at 2.12 dollars, significantly below the estimated 2.99 dollars by analysts. The release of Alphabet's earnings came at a time when Wall Street investors are nervous and increasingly concerned about the costs associated with the extensive AI expansion. The AI boom has led to billions of dollars in investment and debt for major global tech companies, and many are warning of an impending AI bubble.

Billionaire Ken Griffin, CEO of Citadel hedge fund, believes that a "near-certainty" AI bubble is unfolding, while hedge fund manager Ray Dalio thinks the bubble is nearing its "breaking point." However, top executives from Deutsche Bank and Blackrock dismiss fears of a sharp decline in AI stocks.