Alphabet just delivered a strong quarter, with $96.4 billion in revenue over the past 90 days. The growth is largely powered by its expanding AI efforts and a booming cloud business, which jumped 32% year-over-year — a huge number for a company of this size.
Search and YouTube ads also saw solid growth at 10%, and Google still holds a dominant 90% share in search. But with new competitors like Perplexity and ChatGPT evolving how search works, Google will need to stay aggressive with its Gemini AI to maintain its edge.
While costs are rising due to heavy investment in AI, this quarter was a big win for Alphabet.
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