Generative AI is seen as the defining technology of the time, with Nvidia being the biggest initial winner. Alphabet, with its strong presence in digital advertising and cloud computing, could also emerge as a major beneficiary.
Alphabet's revenue increased 15% to $80.5 billion in Q1, showcasing strong growth in Google Cloud. With consecutive quarters of accelerated revenue and net income growth, Alphabet is poised for further success.
Despite concerns of generative AI impacting Google's dominance in search, the company maintains over 90% market share. The acceleration in ad sales on Google Search and YouTube reinforce Alphabet's position in digital advertising.
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