Alphabet, Tesla Fall on Earnings. IBM Rises on Cost-Saving Initiatives
Today's biggest winners and losers in the stock market, a look at the notable movers:On this episode of Stock Movers:- Alphabet (GOOGL) reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and strong gains in users of its Gemini artificial intelligence system, offering fresh evidence that the company’s massive AI investments are beginning to pay off. The Google parent said cloud sales totaled $24.77 billion for the quarter ended June 30, a jump of 82% over the same period last year. That was better than the $22.46 billion that analysts expected…
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