"Alphabet is the parent company of Google, Google's subsidiary YouTube and Waymo, among other businesses. Despite concerns that artificial intelligence chatbots would pull traffic away from Google Search, those fears appear to be overblown. Alphabet reported that over 2 billion people were using its AI Overviews during the second quarter, and Google Search generated a record $54.2 billion in revenue during Q2, up 11.7% from the year-ago period."
"Google has been the undisputed internet search leader, recently controlling 90% of the worldwide search market. It's also a key player in digital advertising, driven by its Google Search and YouTube streaming video services. In 2024, eMarketer estimated that Google captured around 26% of U.S digital advertising revenue. Alphabet is a leader in cloud computing, as well, with that area experiencing year-over-year revenue growth of 32%."
Alphabet is the parent company of Google, YouTube, Waymo and other businesses. Over 2 billion people used Google's AI Overviews in the second quarter. Google Search produced a record $54.2 billion in revenue during Q2, up 11.7% year over year. Google controls about 90% of the worldwide search market. Google captured roughly 26% of U.S. digital advertising revenue in 2024, according to eMarketer. Alphabet's cloud division reported approximately 32% year-over-year revenue growth. A U.S. federal judge ruled that Google will not have to divest its Chrome browser. Alphabet's stock trades at a reasonable valuation.
Read at Dallas News
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