Alphabet's trillion-dollar mark won't be the end of the near-term gains in stock, history says
, which is in a key market sector of focus for Google's cloud growth.
Ads are still the lion's share of Alphabet revenue, but the company is generating more than $8 billion in annualized revenue from the cloud.on Alphabet's stock earlier this month, citing a healthy advertising business. One wildcard in the next month is Alphabet's next earnings report, which will hit the market on Monday, Feb. 3. Alphabet came up slightly short of earnings-per-share expectations in its
in late October, and the stock dipped, though it quickly rebounded with an upward trajectory over the remainder of 2019.post-earnings day since April 2010 after reporting sluggish advertising numbers. The stock dropped 7.5%, shaving more than $67 billion from its market cap.
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