Tech Giants Ride an AI-Fueled Earnings Wave Major technology companies delivered blockbuster results powered by artificial intelligence, lifting stock indexes to fresh highs. Google parent Alphabet set an optimistic tone with a better-than-expected profit and surging cloud revenues in Q2, driven by heavy investment in AI. The company announced it would boost 2025 capital expenditures by $10 billion (to $85 billion) primarily for AI chips and data centers, underscoring how “AI spending is climbing, but so are the returns” reuters.com latimes.com. Alphabet’s stock jumped over 3% at one point and closed up about 1% Thursday after earnings, fueling optimism across the
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