Alphabet (GOOGL), the parent company of Google (GOOGL), surprised Wall Street yesterday (Oct. 29) with better-than-expected financial results for the July-September quarter. The tech conglomerate saw its revenue increase 15 percent year-over-year to $88.3 billion, while net income jumped 34 percent to $26.3 billion. Alphabet shares jumped more than 5 percent this morning.

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More than half of Alphabet’s revenue came from Google Search, which brought in $49.3 billion for the quarter, up from $44 billion during the same period in 2023. The company earlier this year began experimenting with generative A.I. across its search engine with the introduction of A.I.-generated search summaries. Known as AI Overviews, this feature was........

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