Alphabet's Google Cloud revenue surged 82% in Q2 2026, but skepticism remains with odds for it being the second-largest company at just 3.5% YES.

Alphabet increases AI infrastructure spending to $190B for 2026. Alphabet as second-largest company by market cap on July 31 at 4.5% YES.

The Google parent reported its 12th-straight quarter of double-digit revenue growth.