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Markets

Wall Street's AI trade faces its biggest valuation test

TST (Full) - (Official Feed) · 1h ago · 🇺🇸 United States

Wall Street's AI trade faces its biggest valuation test

Alphabet just reported the strongest quarter in Google Cloud's history. Revenue came in at $119.8 billion, up 24% year over year. Cloud grew 82% to $24.8 billion and blew past analyst estimates. The Cloud backlog hit $514 billion. Nearly 90% of the Fortune 100 is using Gemini Enterprise. By most ...

Read the full story at TST (Full) - (Official Feed) →

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