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3d ago

Alphabet Shares Near Record High on Strong Q2 Results

Management’s decision to lift 2025 capital expenditure to $85 billion alongside a new partnership with OpenAI highlights the company’s expanding cloud and AI strategy.

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Overview

  • Alphabet reported Q2 revenue of $96.43 billion and EPS of $2.31, beating analysts’ forecasts.
  • Google Cloud revenue jumped 32 percent to $13.62 billion on growing AI-driven demand.
  • The company struck a deal with OpenAI to power ChatGPT on Google Cloud.
  • Alphabet raised its 2025 capital spending forecast to $85 billion and signaled further increases in 2026.
  • Shares have climbed toward all-time highs as analysts lift price targets up to $232 despite pending DOJ antitrust action and rising AI competition.