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Alphabet shares jump as profit and revenue surge fueled by AI and cloud demand
Business
Published on 29 April 2026
AI spending pays off, but analysts now watch capacity limits
Alphabet’s results sparked a rally, pushing Google parent shares higher in extended trading. The company reported about $62.6 billion profit and nearly $110 billion revenue, driven by AI-focused spending, rising cloud demand, and partnership momentum. Still, investors are zeroing in on future costs, AI and cloud capacity constraints, and competitive pressure across the market.
- Alphabet profit and revenue topped expectations, lifting shares in extended trading
- AI investments and cloud demand were key drivers of quarterly growth
- Partnerships supported results as earnings expanded
- Investors are focused on spending, capacity limits, and competition
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times