U.S. tech giant Alphabet’s better-than-expected results released on Thursday helped boost investor sentiment, but the report failed to detail the potential impact of U.S. trade tariffs, Hargreaves Lansdown’s Matt Britzman said in a note.

“Investors hoping for clarity around trade tensions and tariffs were left wanting,” he said. “There was a distinct lack of insight into how [tariffs] might weigh on ad demand in 2025.”