Google’s AI gamble is paying off in big ways: Cloud revenue surged 82% to $24.8B, smashing Wall Street expectations, while overall profit jumped to $112.1B and total revenue rose 24% to $119.8B. Gemini now boasts 950M monthly users, and the company’s cloud backlog hit $514B — all amid a 12th straight quarter of double-digit growth. Analysts remain cautious about massive infrastructure spending, but the numbers suggest Alphabet’s AI push is delivering strong returns.
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