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Alphabet's cloud growth and AI spending bode well for Indian IT firms: Nuvama
Alphabet's strong Google Cloud growth, rising AI investment and higher capex guidance support the medium-term outlook for Indian IT companies, says Nuvama.
TL;DRAI
Google Cloud grew 81.8% YoY; capex 2026 revised to $195-205B on AI infrastructure. Cloud backlog $514B with 35.6% margins signals sustained enterprise cloud/AI investment, supporting Indian IT firms' medium-term growth despite near-term uncertainty.
459 words~2 min read
