SpaceX Gains Drive Record Quarterly Profit<\/p>\n
Alphabet earned $9.11 per share on $119.8 billion in revenue, up 24% from a year earlier. But it recorded a roughly $98 billion net gain, mainly from equity investments.<\/p>\n
SpaceX priced its record IPO at a $1.75 trillion valuation, sharply lifting the value of Alphabet\u2019s longtime holding. Investors had already viewed Alphabet as a backdoor route into<\/a> both SpaceX and Anthropic.<\/p>\n Anthropic Ties Fuel Cloud Growth Story<\/p>\n The relationship extends beyond passive investing. Anthropic has signed multibillion-dollar agreements<\/a> for Google\u2019s cloud infrastructure and AI chips, connecting the startup\u2019s expansion to Google Cloud, where revenue surged 82% to $24.8 billion.<\/p>\n “Our AI investments are redefining what\u2019s possible across every part of our business,” CEO Sundar Pichai said.<\/p>\n Emarketer analyst Nate Elliott called the results “impressive” in a statement shared<\/a> with the Associated Press, saying enterprise AI demand was driving “enormous growth” in Cloud while advertising growth supported Google\u2019s argument that AI adds to Search rather than replacing it.<\/p>\n Rising AI Spending Worries Investors Despite Growth<\/p>\n Still, investors focused on the bill. Alphabet\u2019s shares dropped 3% in after-hours trading on Wednesday despite blowout results, after the YouTube owner raised its 2026 capital-spending forecast to $195 billion to $205 billion from $180 billion to $190 billion, while free cash flow turned negative by $5.9 billion. Finance chief Anat Ashkenazi said, “The demand still outpaces that investment.”<\/p>\n Alphabet effectively reported two quarters at once, with strong operating growth from advertising and Cloud, and a historic profit inflated by investment gains that could reverse if market valuations retreat.<\/p>\n Benzinga edge rankings\u00a0indicate that\u00a0GOOG<\/a> stock<\/a>\u00a0has a Momentum score in the 87th percentile and a Growth score in the 89th percentile.<\/p>\n Image via Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX Gains Drive Record Quarterly Profit Alphabet earned $9.11 per share on $119.8 billion in revenue, up 24%…\n","protected":false},"author":2,"featured_media":116201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[53,15008,8374,8111,9655,5896,5892,5891,7777,7778,28294,7707,7877,15687],"class_list":["post-116200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anthropic","tag-anthropic","tag-category-earnings","tag-category-equities","tag-category-markets","tag-category-startups","tag-category-tech","tag-cms-wordpress","tag-pageisbzpro-bz","tag-symbol-goog","tag-symbol-googl","tag-symbol-spcx","tag-tag-anthropic","tag-tag-elon-musk","tag-tag-sundar-pichai"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/116200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=116200"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/116200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/116201"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=116200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=116200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=116200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}