Alphabet Faces Pressure Before Earnings Due to Gemini Delay and Chinese Competition
Alphabet is facing pressure from investors due to the delay in the launch of the Gemini 3.5 Pro AI model, which was scheduled for June and is considered one of the company's key tools to compete in the AI market. This delay comes ahead of the announcement of second-quarter results, amid concerns over rising data center costs and competition from open-source Chinese models, as well as worries about excessive spending on technology. Nevertheless, the company's revenues are still expected to grow by 21.3% in the second quarter, with cloud computing performance increasing by 64%. However, stock prices have fallen by about 9% since April, while Dave Wagernd announced that the company relies on the strength of its ecosystem, growth opportunities in cloud computing, and chip development.
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