Google parent Alphabet is reporting its second-quarter earning results after the market closes. The conference call with analysts is scheduled for 4:30 p.m. ET.

Alphabet's Q2 earnings report is crucial for cloud growth amid AI investments. Second-largest company by market cap on July 31 at 2.5% YES.

Alphabet shares are in the spotlight, with earnings on deck, a mixed technical setup and Edge Rankings all drawing attention.