Core Insights - Alphabet Inc. (GOOG, GOOGL) reported a quarterly performance that exceeded expectations across all major metrics, including net income, revenue, advertising, and cloud services [1] - Despite the strong financial results, the stock experienced a lackluster reaction in after-hours trading, attributed to concerns over an $85 billion capital expenditure [1] Financial Performance - The company achieved higher net income and revenue compared to previous quarters, indicating robust operational performance [1] - Advertising revenue showed significant growth, contributing positively to the overall financial results [1] - Cloud services also performed well, reflecting the increasing demand for cloud solutions in the market [1] Market Reaction - The stock's performance in after-hours trading was not reflective of the positive earnings report, suggesting that investors may be focusing on the high capital expenditure rather than the strong earnings [1]