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Google Cloud Growth Soars as AI Spending Worries Investors
Google Cloud growth drove Alphabet’s strong June-quarter revenue, while higher ad revenue supported earnings. However, AI spending, negative free cash flow and Gemini delays left Wall Street concerned about future returns. Google Cloud growth helped Alphabet deliver a strong June-quarter performance, with total revenue reaching $119.8 billion, above Wall Street’s estimate of about $116.9 billion. Advertising revenue rose to $81.6 billion, supporte
Google Cloud Growth Soars as AI Spending Worries Investors
Google Cloud growth drove Alphabet’s strong June-quarter revenue, while higher ad revenue supported earnings. However, AI spending, negative free cash flow and Gemini delays left Wall Street concerned about future returns. Google Cloud growth helped Alphabet deliver a strong June-quarter performance, with total revenue reaching $119.8 billion, above Wall Street’s estimate of about $116.9 billion. Advertising revenue rose to $81.6 billion, supporte









