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Alphabet
(aka “Google”) is clearly firing on all cylinders, more cylinders perhaps than the Street even realized it had. The quarter was frankly a blowout. Surging cloud revenue and raised capital expenditure (capex) guidance demonstrate that the company’s enormous investments are potentially paying off more quickly than many—perhaps even many within the company—had anticipated.
The takeaway could not have been clearer: Alphabet isn’t just surviving the AI revolution — in many ways, it’s leading it.
Why?
