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As earnings season approaches, all eyes are on tech giants Alphabet and Microsoft, with the two set to report their financial results in the coming days. Alphabet, the parent company of Google, will release its earnings on October 29, followed by Microsoft on October 30.
Ardent value investor Seth Klarman is swapping out shares of search engine juggernaut Alphabet for a relatively unknown pharmaceutical stock that has a forward price-to-earnings ratio of 5!
Robust growth and an improving economy should help drive this tech stalwart to new heights.
Earlier this year, cybersecurity firm Wiz rejected a $23 billion bid from Google to buy the company, a deal that would have been Google's largest-ever takeover. Roy Reznik, Wiz's co-founder and vice president of research and development, said the company has received some "very flattering" offers from investors who want Wiz stock.
Alphabet reports third-quarter earnings on Oct. 29, and Microsoft posts first-quarter financial results on Oct. 30.
Google is getting a new leader for its core business, which includes search, ads and commerce, as the tech giant restructures itself for the AI era.
Google announced a leadership change for its Knowledge & Information (K&I) team and some structural changes for its Gemini team. At K&I, which includes the company's Search, Ads, Geo and Commerce products, Nick Fox will succeed Prabhakar Raghavan as head of the team, Sundar Pichai, CEO of Google and Alphabet, said in a Thursday (Oct.
CNBC's Deirdre Bosa and Kelly Evans discuss updates to Google's viral NotebookLM software with Google Labs Vice President Josh Woodward.
CNBC's Deirdre Bosa joins 'The Exchange' to report on Google's internal reorganization and Uber's reported exploration of an Expedia takeover.
Alphabet Inc (NASDAQ:GOOG)'s Google announced on Thursday that it will integrate the team behind its Gemini app into its AI research division, DeepMind, as part of efforts to streamline operations and strengthen its position in the competitive generative AI landscape. CEO Sundar Pichai revealed in a blog post significant structural changes within the company's Knowledge & Information (K&I) team, aligning the tech giant's evolving artificial intelligence (AI) capabilities with its core products.