Core News Facts
Alphabet, the parent company of Google, maintains a dominant market position with 90% of global web searches and its Android OS present on over two-thirds of mobile devices. The company’s cloud computing division generated $20 billion in revenue last quarter, marking a 63% year-over-year increase. Key numbers also show that Alphabet is expected to achieve a market-beating sales growth of 15% by 2025.
MercadoLibre, often likened to Amazon for its Latin American focus, reported a 49% year-over-year revenue increase last quarter, driven by its comprehensive e-commerce and payment solutions. The company is positioned in the region’s fastest-growing e-commerce market, reflecting similar dynamics seen in North America two decades ago.
GE Vernova, a segment of the recently restructured General Electric, reported revenues of $38 billion last year, with a backlog of $150 billion, ensuring its power production business remains sold out through 2028. The company’s growth is driven by increasing demand for natural gas turbines amid rising utility needs.
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