Google A's Stock Seesaws Amid AI Innovations and Strong Financial Results
Monday, Aug 19, 2024 4:02 am ET
GOOGL --
As of last week, Google A (GOOGL) increased by 1.03%, marking a two-day rise with a cumulative gain of 1.62% over the two days. However, it decreased by 0.43% over the past week. Since the beginning of the year, the stock has surged by 16.83%, bringing its latest market capitalization to $2.006 trillion.
Google's Gemini Live AI assistant has started rolling out on Samsung smartphones, ahead of its release on the Pixel 9 series. Initially available to Gemini paid subscribers, Gemini Live allows for continued conversations where users can interrupt and later resume topics. Currently, it supports only English, though Google plans to add more languages in the coming months. The AI assistant is not yet integrated with other Google services like Calendar, Drive, Gmail, Keep, YouTube, and YouTube Music, which Google aims to incorporate in the future.
Upon activation, users will see a waveform badge with a small spark icon on the screen's bottom right, explaining how to use the feature. It offers a simple interface that occupies the entire screen but still shows other background applications. Users can choose from ten different voice options and toggle the "interrupt real-time response" feature in the settings.
In the financial front, Google A saw its stock rise by 1.23% intraday on August 16th, closing at $163.281 per share, with a trading volume of $833 million. The financial data for the quarter ending June 30, 2024, revealed a total revenue of $165.281 billion, marking a 14.47% year-on-year increase, and a net profit of $47.281 billion, reflecting a 41.48% year-on-year growth.
On August 14th, Google A's stock fell by 3.05%, closing at $159.15 per share, with a trading volume of $1.217 billion. Despite the drop, the financial figures for the same period remained robust.
From August 12 to August 16, the S&P 500 climbed by 3.93%, the Nasdaq Composite Index rose by 5.29%, and the Dow Jones Industrial Average increased by 2.94%. In contrast, Google A's stock fell by 0.43% last week, with a total trading volume of $21.137 billion. As of last week's close, the stock was priced at $162.96. For the month, it has dropped by 5%, but it has gained 16.66% this year and 27.85% over the past 52 weeks.
Compared to other major companies, Google's stock performance has shown some variance. For example, Amazon's stock rose by 6.06% last week, while Meta's stock surged by 1.86%. On the other hand, Google C shares were also down by 0.39%. Google's AI modeling was featured prominently during the Pixel 9 launch event.
Recent developments include Google's collaboration with Samsung, further hinting at Google's influence in the tech sphere. The company also revealed that its new Pixel smartphone will feature the Tensor G4 processor.
In summary, Google A has experienced a mixed performance recently but continues to deliver solid financial results and innovative advancements in AI and mobile technology.
Google's Gemini Live AI assistant has started rolling out on Samsung smartphones, ahead of its release on the Pixel 9 series. Initially available to Gemini paid subscribers, Gemini Live allows for continued conversations where users can interrupt and later resume topics. Currently, it supports only English, though Google plans to add more languages in the coming months. The AI assistant is not yet integrated with other Google services like Calendar, Drive, Gmail, Keep, YouTube, and YouTube Music, which Google aims to incorporate in the future.
Upon activation, users will see a waveform badge with a small spark icon on the screen's bottom right, explaining how to use the feature. It offers a simple interface that occupies the entire screen but still shows other background applications. Users can choose from ten different voice options and toggle the "interrupt real-time response" feature in the settings.
In the financial front, Google A saw its stock rise by 1.23% intraday on August 16th, closing at $163.281 per share, with a trading volume of $833 million. The financial data for the quarter ending June 30, 2024, revealed a total revenue of $165.281 billion, marking a 14.47% year-on-year increase, and a net profit of $47.281 billion, reflecting a 41.48% year-on-year growth.
On August 14th, Google A's stock fell by 3.05%, closing at $159.15 per share, with a trading volume of $1.217 billion. Despite the drop, the financial figures for the same period remained robust.
From August 12 to August 16, the S&P 500 climbed by 3.93%, the Nasdaq Composite Index rose by 5.29%, and the Dow Jones Industrial Average increased by 2.94%. In contrast, Google A's stock fell by 0.43% last week, with a total trading volume of $21.137 billion. As of last week's close, the stock was priced at $162.96. For the month, it has dropped by 5%, but it has gained 16.66% this year and 27.85% over the past 52 weeks.
Compared to other major companies, Google's stock performance has shown some variance. For example, Amazon's stock rose by 6.06% last week, while Meta's stock surged by 1.86%. On the other hand, Google C shares were also down by 0.39%. Google's AI modeling was featured prominently during the Pixel 9 launch event.
Recent developments include Google's collaboration with Samsung, further hinting at Google's influence in the tech sphere. The company also revealed that its new Pixel smartphone will feature the Tensor G4 processor.
In summary, Google A has experienced a mixed performance recently but continues to deliver solid financial results and innovative advancements in AI and mobile technology.