Alphabet's Q2 earnings exceed forecasts
Alphabet, the parent company of Google, announced its second-quarter financial results that exceeded Wall Street expectations, with earnings per share of $9.11 and revenue of $119.8 billion, compared to estimates of $116.93 billion. These results come amid substantial investments in data centers and artificial intelligence technologies, with an anticipated trillion-dollar expenditure in this sector over the course of the year. The company also unveiled three new low-cost models from the "Gemini" series as part of its efforts to compete with advanced AI models. Search revenue is expected to reach $63.4 billion, along with high revenues from YouTube ads and cloud computing.
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