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Alphabet Q2 was strong, but not simple📊.
Revenue +24% YoY to $119.8B. Search still grew 17%, YouTube ads stayed healthy, and Google Cloud surged 82% to $24.8B.💰
The bull case: AI is already driving real demand across Cloud and core Google products.
The caution: EPS was boosted by a $98B investment gain, while AI capex hit $44.9B and free cash flow turned negative.
$GOOGL remains one of the clearest AI winners, but the next question is ROI. Growth is obvious. Now investors need to see whether this AI infrastructure spend turns into durable cash flow.