Google Parent Alphabet Just Hit a Major Revenue Milestone. Its Stock is Jumping

1. Alphabet's revenue hit $102.3 billion, exceeding $100 billion for the first time. 2. Earnings per share rose to $2.87, surpassing last year's $2.12. 3. Google Cloud revenue increased to $15.16 billion, surpassing analyst expectations. 4. Search revenue grew 14.5% year-over-year, countering fears of slowdown from AI chatbots. 5. Alphabet forecasts capital expenditures between $91 billion to $93 billion this year.