Google’s parent company Alphabet is still talking up big gains it hopes to reap from the AI boom, but it’s the tech giant’s spending that is capturing attention.

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

Alphabet reports strong cloud revenue growth exceeding estimates amid AI demand. Alphabet largest company by market cap on December 31 at 12% YES.