Alphabet posts record quarterly net profit on AI investment gains

1. 1Alphabet reported its largest-ever quarterly profit, with net income of $112.1 billion in Q2, surging 298% year-over-year.
2. 2Revenue climbed 24% to $119.8 billion, and a $99.0 billion valuation gain on equity investments in Anthropic, SpaceX, and others further boosted net income.
3. 3Despite the record results, Alphabet's shares fell 3% in extended trading as investors weighed heavier capex and competitive pressure on Gemini.

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