Shares of Google parent Alphabet (GOOGL) climbed Friday, leading shares of several other adtech and AI stocks higher, after s🌟howing signs of success with AI features.

Alphabet's Class A shares jumped over 4% to just above $166, before paring gains in recent trading. Shares of several other tech companies in digital advertising that use AI tools also gained, including Meta Platforms (META), Pinterest (PINS), Snap (SNAP), and AppLovin (APP). (Read Investopedia's live coverage of 澳洲幸运5官方开奖结果体彩网:today's market action here.)

The Google parent reported 澳洲幸运5官方开奖结果体♏彩网:better-than-ex🎃pected quarterly earnings Thursday, with CEO Sundar Pichai telling investors Google Search growth was d♒riven by "engagement we're seeing with features like AI Overviews, which now has 1.5 billion users per month" in just under a year since its launch. 

Several analysts, including those at Citi and Wedbush, 澳洲幸运5官方开奖结果体彩网:boosted their price targets for the stock in the wake of the results, pointing to its AI potential. Bank of America analysts, who also raised their price target, said they believe Wall Street "may be underappreciating" opportunities tied to search features like AI Overviews and AI-driven cloud demand.

That trend could suggest more growth for other companies with cloud and digital ad businesses, with several set to report earnings in the coming weeks. Snap is scheduled to report next Tuesday, with Meta and cloud giant Microsoft set to follow Wednesday, and Amazon on Thursday. AppLovin is scheduled to release results the following Wednesday, May 7, with Pinterest's report due a day later.