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GOOGL Soars as Cloud Revenue Surges on AI Demand and TPU Monetization

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The Story

News Summary

  • Alphabet’s Google Cloud revenue surged 63% to $20 billion, fueled by record demand for enterprise AI and a massive $462 billion backlog.
  • By monetizing custom TPU hardware and dominating the full-stack AI market, Google is successfully pivoting its cloud division into a primary driver of long-term profitability.
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GOOGL price history

342.87 +7.36% over the displayed period

Advisor Snapshot

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