AstroWind

Alphabet's stock experienced a significant increase in after-hours trading following the company's fiscal third-quarter earnings report. The search giant exceeded analysts' expectations with earnings per share of $2.12 on revenue of $88.27 billion, marking a 37% increase in profit and a 15% increase in sales from the same period last year.

Google CEO Sundar Pichai emphasized the impressive growth of the cloud business, with revenue reaching $11.4 billion, up 35% from the previous year. As competitors like Microsoft and Amazon also invest in AI and cloud infrastructure, Google plans to continue its capital expenditures to stay ahead in the market.

Additionally, the company is facing challenges from Meta's development of an AI-powered search engine to enhance its chatbot capabilities, highlighting the importance of innovation and differentiation in the tech industry.