Alphabet reports $120B quarterly revenue
Alphabet, the parent company of Google, announced strong quarterly results for the second quarter, achieving profits of $112.11 billion, a significant increase compared to $28.2 billion in the same period last year. Revenues reached $119.8 billion, surpassing the expectations of $117.06 billion. This performance reflects the company's successful investments in artificial intelligence, especially with net gains of $98 billion resulting from its investments in stocks, notably including SpaceX. CEO Sundar Pichai affirmed that the company's investments in AI are redefining what is possible across all areas of its business.
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