Forget SpaceX. Alphabet Just Beat Earnings by 94% and Doubled Its Cloud Backlog to $460 Billion
Google Cloud revenue rose 63% and backlog nearly doubled to more than $460 billion as Alphabet raised its dividend and funded $175 billion in capital spending.
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This Metric From Google Cloud Proves Its $185 Billion in Capital Spending This Year Is Worth It
Key PointsAlphabet plans to spend even more on capital expenditures in 2027 than it's going to in 2026.Google Cloud's growth rate makes all of this spending worth it.10 stocks we like better than Alphabet › It's no secret that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is spending big in the artificial intelligence (AI) arms race. At the start of the year, it told investors it would spend from $175 billion to $185 billion on capital expenditures in…
Forget SpaceX. Alphabet Just Beat Earnings by 94% and Doubled Its Cloud Backlog to $460 Billion
The post Forget SpaceX. Alphabet Just Beat Earnings by 94% and Doubled Its Cloud Backlog to $460 Billion appeared first on 24/7 Wall St.. SpaceX (SPCX) rallies on rocket euphoria despite tightening liquidity and Fed unlikely to cut rates, creating headwinds for $1.44T valuation. Alphabet (GOOGL) trades at 16x P/E with 63% Cloud growth, 903x interest coverage, and $38B in cash—a cash-generative alternative built to self-fund AI while others bor…
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