Google parent Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday, downplaying any impact from global economic uncertainty, for now.
The search giant’s first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion in stock, pushing its shares up 4% after market and adding $75 billion to its market value.
Alphabet reaffirmed its ambitious AI build-out plans and backed its $75 billion capex guidance for the year, offering hopes for…
