Analyst Scott Devitt from Rosenblatt believes that concerns surrounding Alphabet's traditional search business have largely been priced in. This assessment comes as Google's Q2 2026 Search & other revenue grew 17% year-over-year to $63.3 billion, slightly missing Wall Street's expectations of $63.4 billion. The firm highlights Google Cloud's strong performance, with revenue surging 82% year-over-year to $24.8 billion and operating income more than tripling to $8.8 billion, as a key driver for future growth. Google's AI product Gemini also reached over 1 billion monthly active users by August 2026, becoming its fastest-growing product.