Alphabet set to report Q3 results as Wall Street weighs AI cloud deals, Google Search competition from OpenAI
Update: 2025-10-29
Description
On October 29th, Alphabet, Google's parent company, will reveal its Q3 financial results, with a focus on the impact of AI on its business. Despite slowing earnings growth due to a recent EU antitrust fine, analysts remain optimistic. Google Cloud's AI services are gaining traction, with big tech companies signing up, and AI deals are expected to boost revenue by 30%. However, competition from OpenAI and concerns about AI disrupting traditional Google Search could impact profits. Investors will closely watch how Alphabet turns AI investments into profits, as capital spending surges to over $22 billion.
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