Alphabet's record profit driven by investments in SpaceX and Anthropic, but rising AI spending concerns investors.

Alphabet reports a 24% revenue increase in Q2 2026, boosting confidence. Alphabet as second-largest company by market cap on July 31 at 5.6% YES.

Alphabet's Q2 revenue rose 24% due to Google Cloud and AI growth. Alphabet as second-largest company by market cap on July 31 at 5.6% YES.