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Google conference call: AI Overviews users exceed 1.5 billion, assessing the impact of tariffs is "too early", the minimum exemptions clearly put pressure on the advertising Business.
In terms of the highly concerned macroeconomic impacts, Google stated that it is still "too early to comment", but it is clear that the minimal exemption changes for retailers in the Asia-Pacific region may pose some resistance to the advertising Business. Even with changes in the macroeconomic environment, the capital expenditure of 75 billion dollars for this year is maintained.
Express News | Tech giants extend gains in overnight trading, Google soars 5% as Q1 income beats and it announced a $70 billion buyback plan; Nvidia, Amazon and Tesla rise 2%. Intel drops 5% on outlook, despite Q1 results beating.