Google's profits have quadrupled to $112billion (£84billion), with the search engine monolith citing its investments in AI as the reason for the windfall.

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

Google booked a huge paper gain from startup investments likely including SpaceX and Anthropic.