Google Cloud revenue surges 82%, validating AI investment thesis

1. 1Google Cloud revenue jumped 82% year-over-year to $24.8 billion, exceeding the Wall Street estimate of $22.46 billion.
2. 2Unbilled backlog climbed to $514 billion, while Alphabet's total revenue rose 24% to $119.8 billion and net income surged to $112.1 billion.
3. 3CEO Pichai expressed confidence that the annual $180–$190 billion capital expenditure will translate into computing demand by 2027.

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