Alphabet Beats on Cloud Sales, Reports $514 Billion Backlog

Alphabet reported record profits driven by strong growth in its cloud division, where corporate demand for AI infrastructure and services has accelerated significantly. While this expansion offsets the company's substantial capital expenditures on AI development, investors remain focused on whether these massive investments will maintain long-term profitability. The financial results highlight a clear shift in how Google is monetizing its artificial intelligence initiatives through its enterprise cloud platform.