"Alphabet's stock has been the top performer over the past year among the tech megacaps, soaring 118% as of Tuesday's close. The company is getting a boost from its Gemini artificial intelligence models and services, as well as its cloud infrastructure business, which sells capacity to developers and users of AI tools."
"Analysts are projecting 18.7% revenue growth from $90.2 billion a year earlier, which would be the company's highest rate of growth for any quarter since 2022. In the first three months of the year, Google pushed its Gemini AI models across more products from Maps to a new AI design offering."
"Google is getting a hefty amount of growth from its cloud division, which competes with Amazon Web Services and Microsoft Azure. Revenue is expected to jump 47% from $12.26 billion in the same quarter a year ago."
"The Google parent said in January it expects 2026 capital expenditures to be in the range of $175 billion to $185 billion. The top end of that forecast would be more than double its 2025 capex spend."
Alphabet is set to report its first-quarter earnings, with analysts expecting earnings per share of $2.63 and revenue of $107.2 billion. Google Cloud revenue is estimated at $18.05 billion, while YouTube advertising is projected at $9.99 billion. Alphabet's stock has surged 118% over the past year, fueled by its Gemini AI models and cloud services. Analysts predict an 18.7% revenue growth, the highest since 2022. The company is investing heavily in AI infrastructure, with capital expenditures expected to reach up to $185 billion in 2026.
Read at www.cnbc.com
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