Sundar Pichai's Alphabet Has Grown Google Cloud Revenue 82% Year Over Year. Here's Why That Growth Rate Justifies the Company's Capex Bet.
Alphabet's Google Cloud revenue surged 82% year over year in the second quarter, reaching $24.8 billion, with operating income more than tripling. This significant growth, driven by AI integration and custom silicon (TPU), justifies Alphabet's increased capital expenditure (capex) guidance of $195 billion to …