Alphabet and Tesla reported significant increases in spending and negative free cash flow in Q2, signaling heavy investments in AI infrastructure. Despite beating revenue expectations, both stocks fell after hours, reflecting investor concerns about rising costs and uncertain returns. Alphabet plans to increase capital expenditures to up to $205 billion this year, while Tesla is ramping up spending on AI, robotics, and factory retooling. These moves highlight a broader tech industry trend of prioritizing AI growth amid cautious market sentiment ahead of other major tech earnings reports.
Google Cloud's revenue surged 82% driven by strong enterprise demand for AI infrastructure, Gemini models, and AI applications. Alphabet raised its 2026 capital spending forecast to up to $205 billion to meet growing computing needs. Gemini AI is exp...
Alphabet Inc. reported strong Q2 results with a 24% increase in revenue and a 30% rise in operating income, driven by robust growth in AI, Search, and especially its Cloud division, which grew about 80%. However, heavy capital expenditures led to a n...
Alphabet's latest earnings report reveals a strong performance in its Google Cloud business, with revenue jumping 82% year-over-year to $24.8 billion, surpassing Wall Street expectations. This growth is largely fueled by increased enterprise adoption...
Alphabet posted a 24% revenue increase to $119.8 billion in Q2 2026, beating Wall Street estimates. Earnings per share soared nearly 295% to $9.11, driven by an 82% surge in Google Cloud revenue to $24.8 billion, fueled by strong AI product demand. T...
A social media addiction lawsuit against major platforms was dropped after Snap, TikTok, and YouTube settled with the plaintiff. Meta, the last remaining defendant, was cleared after the plaintiff voluntarily dropped the case without receiving any pa...
