Google's parent company, Alphabet, has reported an impressive 81% jump in profits, driven by a booming cloud business that exceeded expectations in its latest quarter. This surge comes as the company anticipates a significant increase in capital expenditures, raising its 2026 capex forecast to as much as $190 billion, with expectations for further growth in 2027.
With Alphabet's cloud unit achieving its best-ever quarter, investor confidence in Google share price is likely to rise. The strong performance reflects a strategic focus on expanding cloud capabilities, positioning the company for sustained growth in the competitive tech landscape.