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Alphabet grows AI infrastructure with $24.8B Cloud revenue and strong backlog supporting expansion

Market News
08 Oct 2026
Seeking Alpha
View Source
Bullish
Alphabet grows AI infrastructure with $24.8B Cloud revenue and strong backlog supporting expansion

Alphabet is expanding its AI infrastructure ecosystem, including TPUs, Cloud contracts, and strategic investments. Google Cloud generated $24.8 billion in revenue with a 35.6% operating margin, and AI customers use 1.8 times more products. The company holds a $513.9 billion Cloud backlog against $707 billion in fixed commitments, supporting ongoing infrastructure growth. This positions Alphabet for potential upside, with a base valuation implying 12% growth and a bull case reaching $532 per share.

Alphabet's stock price on Pluang is USD 348.78 as of Oct 08, 2026 21:11 WIB, showing a modest 0.41% increase over the past day. The company holds a substantial market capitalization of $4.27 trillion, reflecting its dominant position in the media sector. Trading volume is active with over 11 million shares changing hands, indicating sustained investor interest amid its evolving cloud strategy.

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