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Alphabet raised its full-year capital expenditure guidance to $205 billion, while Google Cloud's backlog climbed to $514 billion.
The company's latest earnings report highlighted these two figures. Analysts suggest the cloud backlog, which reflects multiyear enterprise commitments for AI-powered solutions, is the more critical metric as it validates Alphabet's significant investments in AI infrastructure.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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