Alphabet Continues to Defy Skeptics as Search Revenue Jumps. Is It Time to Buy the Stock While It's Still On Sale?

The reports of Google's death have been greatly exaggerated. If you've recently spent any time on X (formerly Twitter), you've probably read that Google search is a dying business.However, Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) first-quarter results once again demonstrate why investors shouldn't begin shoveling dirt on it just yet. Its Google search revenue climbed 10% to a whopping $50.7 billion. It saw strength across verticals, led by the insurance, retail, healthcare, and travel industries. It added that its new multimodality features continue to drive search queries, while its circle-to-search usage increased 40% in the quarter. Circle-to-search allows Android users to search by circling or highlighting text. It can then help users shop for a similar item or even translate text. At the same time, it has 1.5 billion AI Overview users a month. In March, it released AI mode, which will provide its AI Overviews with more advanced reasoning, thinking, and multimodal capabilities. It said its AI Overviews continue to be monetized at a similar rate to search and that it will continue to look to innovate more on this front.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool