Stock market | Alphabet starts the results week of US tech giants, a lot is expected from the companies powered by artificial intelligence

Google parent company Alphabet will announce its April-June results on Tuesday as the first technology mega-company. Expectations are high.

News agency Reuters by investors expect a 14 percent revenue growth rate from the company’s second quarter.

This was the fourth quarter in a row, when the growth is more than ten percent compared to the comparison period.

The main reason growth expectations for both Alphabet and other large technology giants include their investments in artificial intelligence.

As far as Alphabet is concerned, the expectations are focused on the fact that the demand for artificial intelligence services seems to grow steadily, as well as for cloud services.

In addition to these, the advertising market, which is important for Google, has also picked up.

Although Alphabet has recently seemed to remain on the starting scaffold alongside the product releases of Microsoft’s 49%-owned Open AI, there are still 13,000 computer science PhDs at work developing services.

The prices of several US technology giants were on the rise on Monday.

Part of the price increase was thought to be due to how investors viewed the president Joe Biden to Sunday’s withdrawal announcement from the US presidential race in November.

Little before eight in the evening Finnish time, the general index of the technology exchange Nasdaq was up 1.3 percent.

Alphabet was up 2.5 percent and Meta 2.3 percent. Microsoft was up 1.3 percent at that time.

Apple was at the level of zero, and Amazon was aching slightly to the plus side.

Semiconductor manufacturer Nvidia’s course was up as much as 3.8 percent. One of the reasons was considered to be that the company announced that it was preparing to sell a new artificial intelligence semiconductor to China.

On Monday evening, Tesla’s price was already 4.6 percent higher than Friday’s closing price.