Google’s stock, more precisely, its parent company, Alphabet, ended with a massive cut in the previous trading week. Our shares ended trade day on Friday, February 7th, with a loss of over 3%.
Google revenue issues
This passed after the company achieved revenues of US$964.7 billion and then slightly below its LSEG forecast of US$965.6 billion.
The parent company’s dominant search engine alphabet saw a revenue growth rate (Yoy) of 12%.
The company’s main revenue streams, YouTube ads, search business and services segment, show signs of slowing down.
ai, does that work?
Furthermore, one of the biggest drivers behind this recent prospect slump is emerging from the town’s buzzword, AI.
The realm of artificial intelligence is a fast-moving landscape, and the development that develops from behind the scenes of chatbots and AI tools is as fast as the processing power of these systems.
This passed after the company achieved revenues of US$964.7 billion and then slightly below its LSEG forecast of US$965.6 billion. | Image source: Wikipedia (representative)
Deepseek threw a spanner on many American wagons fueled by AI. This also raised questions about the viability of billions of people devoted to American companies’ businesses.
Furthermore, the outlook for major tech companies like Meta, Microsoft and Teh have shown the aforementioned alphabet that can’t find a major breakthrough in the AI business.
The alphabet is shared in red
These factors have also spread to Wall Street development. The company is sharing as proposed before closing in red on Friday.
The company shares a share that fell at 3.19% or 6.17 USD after opening at a lower position than its previous closures.
Over the past week, Google’s parent company stock has lost a cumulative accumulation of 7.33% or USD 14.81.
This has brought the entire company shares to $187.14. As we see the bigger picture, in the past month, the company’s stock totaled USD 9.57 or 4.87%.
