Alphabet’s stock rallies more than 5% on big earnings beat

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Investors have been a little jittery about Google’s AI Overviews and whether artificial-intelligence search results will be less profitable than traditional search results.

But Alphabet’s management signaled Thursday that Wall Street shouldn’t worry. The company is monetizing AI Overviews “at approximately the same rate,” Chief Business Officer Philipp Schindler said on the earnings call.

Over time, the company has expanded ads in AI search results and Alphabet sees “a strong base on which we can innovate even more,” according to Schindler.

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