Gene Munster
2025.07.23 20:27

GOOG:

➡️I am surprised that shares of $Alphabet - C(GOOG.US) are not higher. I would have guessed stock should be up 2-4% on this print.

➡️They fractionally beat on Search by 2% and that was the key metric.

➡️The other segments were inline with expectations (Cloud and YouTube)

➡️Comments from the press release reiterate that management see’s AI as a positive force for the business, suggesting they will have upbeat comments about the first couple of months of “AI Mode”.

➡️Capex increase from $75B to $85B is a sign that they’re all in on AI infrastructure and AI more broadly.

Source: Gene Munster

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