Google Cloud revenue surged 48% year over year, with operating income hitting $5.3 billion. The company plans aggressive spending to meet demand. Alphabet stock trades at 29 times 2026 earnings estimates. Google Cloud’s AI tools are driving growth, with operating income soaring 154% in Q4. Investors eye potential share price dip due to increased capital spending in 2026. Despite higher prices, Alphabet stock remains a solid buy at 28 times 2026 earnings estimates.

Read more at Nasdaq: Google Cloud Is Turning AI Demand Into Profits. Should You Buy the Stock?