The story so far
Alphabet Cloud AI Earnings
Tracked across 3 sources · Updated 3h ago
Alphabet reported record 82% cloud growth but faced investor concerns over Gemini AI delays and raised capex guidance to $195-205B, causing shares to drop ~3%.
How it unfolded
9h ago
Record cloud growth but stock falls on capex hike
1d ago
Alphabet beats earnings, hikes capex again
2d ago
Gemini delay and spending worries loom
What happened earlier
Latest updates
Latest
Full story →AI drives Google Cloud's 82% growth; Alphabet's revenue up 24%
Alphabet's Q2 revenue surged 24% YoY to $119.8 billion, driven by strong performance across its businesses.
Google's cloud business saw an 82% growth, fueled by AI-led demand and Gemini Enterprise.
Gemini Enterprise is used by 90% of Fortune 100 companies.
CEO Sundar Pichai highlighted AI's role in the company's strong performance.
Earlier · 2d ago
Full story →Alphabet's Gemini delay, spending worries loom over earnings
Alphabet's Gemini AI model launch has been delayed, raising investor concerns.
Worries increase about the payoff from Alphabet's massive data-center spending.
This comes after a strong quarter for Google Cloud sales raised expectations.
Investors are closely watching Alphabet's earnings amid these challenges.