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GOOGLE’S EARNINGS EXPLODE: PROFITS SOAR AND STOCKS SHINE!

Revenue Rolls in at a Jaw-Dropping $96.4 BILLION—Outshining All Expectations!

Hold onto your hats, folks! Alphabet, the tech titan behind Google, has just unleashed a financial bombshell! In a stunning report, the company revealed that revenue skyrocketed 14%, amassing a colossal $96.4 billion in the second quarter, obliterating predictions of a mere $94 billion.

Net Income Blasts Off! 🚀

But that’s not all! Net income surged 19% to $28.2 billion, and earnings swelled 22% to $2.31 per share—smashing conservative estimates of $2.18 per share! It’s clear: Alphabet is flexing its muscles in the tech arena like never before!

GOOGLE SERVICES—A POWERHOUSE!

Services were sizzling hot, with Google Services revenue jumping 12% to $82.5 billion. Among the highlights, Google Search alone raked in an impressive $54.2 billion, while YouTube ad revenue surged 13% to $9.8 billion. All of this pushed Google’s ad segment to a staggering $71.3 billion!

And check this out: Operating income for Google Services climbed 11% to $33.1 billion. That’s a serious cash flow!

CLOUD REVENUE SOARS—A WHOPPING 32% INCREASE!

Meanwhile, Google Cloud is on the fast track, experiencing a 32% rise in revenue to $13.6 billion! Hold onto your seats—operating income for Google Cloud exploded a MASSIVE 142% to $2.83 billion!

THE CEO DECLARES A VICTORY! 🎉

In a thrilling statement, Alphabet CEO Sundar Pichai exclaimed, “We had a standout quarter!” He highlighted that AI is transforming their business and driving momentum. With features like AI Overviews and AI Mode shaking things up, it’s clear Google’s digital juggernaut isn’t slowing down!

CAPITAL EXPENDITURES ON THE RISE—$85 BILLION PLANNED! 💰

Looking ahead, Alphabet is doubling down on investment, ramping up capital expenditures to a staggering $85 billion! They’re gearing up for the booming demand for cloud products.

However, here comes the catch—spending this much could put pressure on profits! Yikes! CFO Anat Ashkenazi warned of potential impacts on the profit and loss statement!

HEADCOUNT AND PIXELS ON THE HORIZON!

As they expand, watch for increases in headcount along key investment areas. Plus, get ready for the buzz around the new Pixel products launching this August!

PRICE TARGETS CLIMBING!

After this bombshell report, analysts are jumping aboard the Alphabet train, with price targets increasing left and right! Morgan Stanley nudged their target up by $5 to $210 per share, Oppenheimer boosted theirs by $15 to $235 per share, and BofA raised it by $7 to $217 per share.

DON’T MISS OUT!

Currently, Alphabet stands as the cheapest stock among the Magnificent 7, trading at 20 times earnings. The median price target suggests a thrilling 7% return. Buckle up; Google is flying high and showing no signs of slowing down!