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business1d ago
Earnings live updates: SoFi stock tumbles, Alphabet stock jumps as 'Magnificent 7' results roll in
Finance.yahoo.com and 4 more
- Alphabet reported strong cloud momentum and AI-driven demand, reinforcing its plan to expand data-center capacity to meet a backlog near record levels.
- Google Cloud revenue rose 63% and margins improved, signaling scalable profitability amid AI-driven demand.
- Alphabet raised its 2026 capex guidance to $180-$190 billion to support cloud buildout as the backlog nears record levels.
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