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Alphabet Stock Surges to Record Highs Amid AI-Driven Growth
Alphabet Stock Surges to Record Highs Amid AI-Driven Growth
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BTCCSquare news:
Alphabet Inc. (GOOGL) shares have accelerated ~15% over five days, reaching an all-time high of $240. The rally follows a robust Q2 earnings report and a favorable court ruling that prevents potential business unit breakups. While legal and financial tailwinds propel the stock, its Gemini AI product remains an underutilized revenue driver.
Google Cloud's 32% YoY revenue growth to $13.6 billion underscores the profitability of AI investments, with operating margins doubling to 20.7%. Infrastructure costs and compensation expenses grew at a slower pace than revenue, signaling efficient scaling of AI operations.
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