Alphabet Cloud Beat Drives Upside

3 months ago

Critty Gupta

"The biggest moves to the upside are coming from the likes of Alphabet. You got to keep an eye on those class C shares. Go OG is your ticker, trading at $295 share, higher by about 7.3% this morning. Alphabet coming in with a very strong beat on their cloud unit and this is a very big deal. They are the number three player in a market that is very much dominated by Microsoft's Asia business and Amazon Web Services. So the fact that Alphabet is not only growing but gaining market share is kind of a double uh win. So the market really applauding that this morning. 295 is where we are."

The speaker highlights Alphabet's robust cloud performance and market share gain, noting its strong earnings beat and a notable 7.3% price increase. The commentary emphasizes Alphabet's competitive positioning against Microsoft and AWS.

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