On Thursday, Alphabet’s share price rose nearly 10 per cent after the company reported first-quarter revenue of $109.9 billion, a 22 per cent increase year over year that beat analyst estimates by almost $3 billion. Google Cloud crossed $20 billion in quarterly revenue for the first time, growing 63 per cent. The cloud backlog nearly […] This story continues at The Next Web
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Nvidia built the AI engine. Alphabet is building the car, the road, and the toll booth. The market is pricing accordingly.
Alphabet's market capitalization surges 10% as Google Cloud revenue surpasses $20 billion in a single quarter, fueled by a 63% year-over-year growth rate that outpaces analyst estimates by nearly $3 billion, underscoring the tech giant's expanding dominance in the cloud infrastructure market. This milestone marks a significant escalation in Alphabet's cloud ambitions, with implications for the broader tech landscape. AI-assisted, human-reviewed.
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