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Behind Alphabet's Incredible Quarter

Alphabet isn't being disrupted by artificial intelligence, it's growing because of it.

By Travis Hoium – Oct 31, 2024 at 10:00AM EST

The big surprise in Alphabet's (GOOG +0.57%) (GOOGL +0.62%) earnings report was the company's growth in the core business, helped by more engagement and better ads using artificial intelligence. On top of that, the company is gaining share in the cloud. Travis Hoium uncovers the numbers that matter most in this video.

*Stock prices used were end-of-day prices of Oct. 30, 2024. The video was published on Oct. 30, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Snap. The Motley Fool has positions in and recommends Alphabet, Apple, and Meta Platforms. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$302.98
(+0.50%)+$1.52
Apple Stock Quote
Apple
NASDAQ: AAPL
$253.22
(+1.24%)+$3.10
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$304.23
(+0.65%)+$1.95
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$629.12
(+2.60%)+$15.94
Snap Stock Quote
Snap
NYSE: SNAP
$4.61
(+0.99%)+$0.05

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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