Google reported Q1 revenue and profit that exceeded analyst expectations, driven by growth in its cloud services and advertising segments. The better-than-forecast results underscored the company’s leadership in artificial intelligence and bolstered investor confidence in its long-term growth trajectory.

Buoyed by Google’s earnings beat, investors in the Asia-Pacific region increased allocations to tech stocks, helping lift major indices. South Korea’s Kospi reached an all-time high and other regional benchmarks saw broad gains, reflecting renewed appetite for AI-driven equities.