Alphabet and Microsoft's quarterly earnings beat expectations, while NVidia, the new giant of artificial intelligence chips, saw unprecedented brilliance.
Second-quarter earnings for Google owner Alphabet Group beat Wall Street expectations, supported by continued demand for cloud services and a rebound in advertising. Microsoft's profits rose 8.3 percent to $56.19 billion, from $51.87 billion last year. In addition, Visa Digital Payment Technologies' profits rose to $8.12 billion, up 11.5 percent, up from $7.28 billion last year.
Meanwhile, NVidia achieved tremendous growth in 2023, nearly doubling in value, and the stock is up by about 205 percent since the beginning of the year, driven by growing demand for the company's artificial intelligence chips.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
