Alphabet's Q2 revenue was $119.8 billion, while Google Cloud's revenue was $24.8 billion

Alphabet released its second quarter financial report, with revenue of $119.8 billion, a year-on-year increase of 24%; Operating profit of 40.8 billion US dollars, a year-on-year increase of 30%; Net profit was 112.1 billion US dollars, a year-on-year increase of 298%. Google Cloud's business revenue was 24.8 billion US dollars, exceeding market expectations of 22.5 billion US dollars, a year-on-year increase of 82%. The company's capital expenditure was $44.9 billion, exceeding market expectations of $44.2 billion. The CEO stated that AI investment is redefining the entire business.