Alphabet's revenue rose 15% from last year, exceeding analyst projections, with plans to pay shareholders a dividend for the first time in 20 years.
Investors are encouraged to support increased AI development spending as Google positions itself for future growth and profitability.
Alphabet CEO Sundar Pichai highlighted a strong innovation path that sets the company up for continued success.
Following the positive earnings report, Alphabet's stock price surged by nearly 13% in extended trading, reflecting investor confidence.
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