CNBC July 29, 2023
Key Points
– Alphabet’s stock rose 10% this week after reporting better-than-expected second quarter earnings and revenue.
– Investors appear relieved the company’s growth remained steady despite headwinds and an expected CFO change.
– The Google parent company saw its highest closing price in more than a year.
Shares of Alphabet’s stock jumped 10% this week after the company reported second quarter earnings that showed growth despite a tough ad market.
Share price for the Google parent company reached $132.58 as of Friday’s market close, representing its highest close price in more than a year.
Google has faced a lot of noise this year around the health of its core search business, due to a slumping digital ad market and...
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