Google A Surges to 7th in WSB Rankings Amid Tech Giant's Growth and Green Energy Moves
1min read Google A has climbed to the 7th position in the latest WSB rankings, marking an improvement of 21 places from the previous day.
Recently, Google A (GOOGL) saw a rise of 0.88%, continuing a two-day growth streak with a cumulative increase of 2.46%. This upward trend reflects positive market sentiment and strengthens its position among tech giants. On October 24, Wedbush reaffirmed its "outperform" rating for Google A, setting a target price of $205.00, which suggests confidence in the company's future growth potential.
Alphabet Inc., the parent company of Google, reported a mid-year revenue of $165.28 billion for 2024, marking a 14.47% increase compared to the previous year. The company also achieved a net profit of $47.28 billion, with basic earnings per share standing at $3.82. These financial results underscore Alphabet’s robust business model and its ability to sustain growth in various sectors.
Google’s ventures extend beyond traditional internet search and advertising into areas like cloud computing and advanced technology solutions. Recently, the company announced a partnership with Kairos Power to build seven small modular reactors (SMRs). This development is aimed at powering its data centers, highlighting Google's commitment to sustainable and innovative energy solutions. The move not only emphasizes the tech sector’s growing focus on clean energy but also sets the stage for a potential shift in energy utilization within the digital domain.
