Alphabet lifts capex guide to $205bn as Google Cloud jumps 82%

Alphabet went into its second-quarter results on Wednesday carrying one question louder than the rest: whether the tens of billions it is funnelling into AI infrastructure has started to earn its keep. Judged by the after-hours share price, the answer was not yet. The company reported revenue of $119.8bn for the three months to June, up 24% […]
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