Both Beat Expectations on earnings and revenue, thanks in no small part to investments in artificial intelligence. One Stand Out Spot for alphabet was google cloud revenue, whichjumped 28 in 01. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced some good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That initially sent shares into double digits after the bell. And for microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chatgpt. Shares rose on the news. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after metas stock fell after its own Earnings Report and after the market was rattled by slowing us gdp and stubborn inflation. In ot
Stage. Both Beat Expectations on earnings and revenue, thanks in no small part to investments in no small part to investments in artificial intelligence, One Stand Out spot for alphabet was google cloud revenue which jumped 28 in quarter one. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That sent shares into double digits after the bill. For microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chat gbd. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after medas stock fell after its Earnings Report and the market was rattled by slowing us gdp and stubborn inflation. Lets stay