Overview
- Alphabet reported $113.83 billion in quarterly revenue, surpassing the $111.43 billion consensus estimate.
- Jim Cramer said Gemini 3 has about 750 million monthly active users, reflecting rapid consumer uptake.
- Spending plans were described at roughly $175–$185 billion on capital goods versus Wall Street’s ~$115 billion view, with bonus depreciation cited as a tailwind for data‑center investments.
- Analysts raised targets after the print, including DA Davidson to $310 (Neutral) and Cantor Fitzgerald reaffirming $370 (Overweight), with later boosts from KeyBanc, Goldman Sachs, Piper Sandler, and Roth to $395 citing cloud strength and comfort with AI-led capex.
- A federal judge in San Francisco dismissed a $2.36 billion penalty over past app‑activity tracking, leaving a $425 million jury award in place as Google plans an appeal.