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Alphabet’s market capitalisation surged past $4.6 trillion after a 10% stock jump on Q1 2026 earnings.
Google Cloud's quarterly revenue grew 63% to surpass $20 billion, with backlog nearly doubling to $460 billion.
KEY POINTS
- Alphabet's 2026 capex guidance rose to $180-190 billion, signaling faster-than-expected AI infrastructure returns.
- AI Overviews in Google Search drove all-time record query volumes, disproving fears of AI cannibalizing search.
- Options traders now see a 53% chance Alphabet surpasses Nvidia in valuation before mid-May.
- Cloud revenue growth was temporarily limited by compute constraints, not demand, per Sundar Pichai.
COMPANIES
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