Alphabet is scheduled to report third-quarter earnings after the market closes on Oct. 28, and the article notes the stock advanced in the two weeks following three of its last four quarterly reports. Google advertising made up 68% of the company's $119 billion second-quarter revenue, while Google Cloud revenue rose 82% to more than $24 billion on enterprise AI demand. Capital expenditures were about $44 billion in the quarter, with 60% going to servers and 40% to data centers and networking. Investors have worried about rising capex, and Alphabet, Amazon, Microsoft and Meta plan to spend more than $700 billion this year on AI. The stock has climbed about 7% so far this year.
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GOOGLearningsAI investmentcloud computing
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Related tickers and likely impact
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/21/2026 | 334.67 |
| Change that session | -1.65% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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