$Alphabet(GOOG)$ Key numbers from the latest report. Revenue came in at $119.8 billion, up 24% year-over-year and ahead of expectations. Google Cloud revenue was $24.8 billion, up an impressive 82%, driven by AI infrastructure and enterprise AI demand. Search revenue was about $63.3 billion, still growing despite concerns that AI would hurt search. YouTube ad revenue was about $11.0 billion, also ahead of expectations.
What investors liked: cloud growth accelerated dramatically, AI products like Gemini, AI infrastructure, and TPU chips showed strong adoption, search remained resilient, and revenue beat Wall Street estimates.
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