Alphabet will release its second quarter financial report, and the market is paying attention to the growth of Google Cloud

According to Bloomberg, Alphabet will release its second quarter financial report after the US stock market closes on Wednesday. The market expects revenue and net profit to both increase by about 25% year-on-year, and Google Cloud revenue is expected to increase by nearly 65% year-on-year to $22.4 billion. Analysts predict that Alphabet's capital expenditures may rise to $262 billion in 2027. Janus Henderson investment manager Jonathan Cofsky said that the accelerated growth of cloud business and the strong search business will help alleviate market concerns about expenditure scale and investment returns. Evercore ISI analyst Mark Mahaney believes that there is still room for upward growth in Google Cloud's revenue forecast.