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Institutions Load Up on Alphabet (GOOGL) as Cloud Revenue Surges 82%

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Wall Street's top institutional funds heavily favored Alphabet in Q2, with 19 of the 20 largest funds holding shares.
  • Despite high AI capital expenditures, Google Cloud revenue surged 82% to $24.8 billion, cementing solid long-term demand compared to lagging interest in Microsoft and Apple.
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GOOGL price history

338.50 +6.53% over the displayed period

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