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Robust Earnings Report Propels Google Stock Up by 10%

  • Alphabet’s stock rose 10% after showing growth in Q2 earnings despite a tough ad market.
  • Google’s ad revenue increased 3.3% from a year earlier, with YouTube and Cloud units also witnessing revenue growth.
  • This surge occurred even as Alphabet’s CFO Ruth Porat announced her departure from that role, moving to assume the position of president and CIO.
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