Here's the real reason why Alphabet stock is soaring after earnings

Alphabet's latest quarterly earnings delivered the goods, beating Wall Street analysts' expectations on both the top and bottom lines. The consensus among analysts covering Alphabet stock was for revenue of about $100 billion. Strong advertising sales at Google and YouTube, and robust demand for artificial intelligence compute power at Google Cloud, resulted in revenue of $102.4 billion, up 16% year over year. We delivered our first-ever $100 billion quarter. Google services, including Search, Android, ...