Alphabet’s Q1 profit beats expectations, with Google’s big AI bets paying off

Alphabet’s stock price rose more than 6% in extended trading after the numbers came out.

[Photo: Getty Images]

Google’s transition into the era of artificial intelligence continued to pay off for its corporate parent, Alphabet Inc., which on Wednesday announced another quarter of stellar growth that helped to more than double its already lofty market value during the past year.

Alphabet earned $62.6 billion, or $5.11 per share, during the January-March........

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