Google Parent Alphabet's Stock Pops as Cloud Revenue Soars on AI Demand

Google parent Alphabet (GOOGL) reported third-quarter results that topped analysts' estimates, sending shares higher after the bell Tuesday. Alphabet’s third-quarter revenue climbed 15% year-over-year to $88.27 billion, above the analyst consensus from Visible Alpha. Net income came in at $26.3 billion or $2.12 per share, up from $19.69 billion or $1.55 per share a year earlier, beating Street estimates. Google Cloud delivered revenue of $11.4 billion, exceeding analysts' expectations and representing 35% ...