Overview

• Shares reached a new all-time high on Monday, with GOOGL up about 1.3% to $208.83 and a 52-week high of $210.52, according to Benzinga.
• Alphabet introduced Gemini for Government, a suite of AI and cloud services tailored for federal agencies at competitive pricing.
• Benzinga reports a six-year agreement with Meta valued at over $10 billion for Google Cloud to support Meta’s AI infrastructure needs.
• Second-quarter results showed revenue up 14% year over year to $96.4 billion, EPS of $2.31 up 22%, and a 32% operating margin.
• AI adoption metrics included more than 2 billion monthly users of AI Overviews with an estimated 10% query lift where applied, while Google Cloud revenue grew roughly 32% year over year to $13.6 billion.