Alphabet Q2 Preview: $117B Revenue Expected, Gemini Chip and 9.6GW Power Lease Signal AI Buildout
GOOG sits 91% above its 52-week low of $184.73.
Summary
Alphabet reports Q2 tomorrow with consensus at ~$117B revenue, up ~21% YoY, and EPS ~$2.91. The stock rose 2.9% on news of a custom Gemini-integrated server chip aimed at easing AI compute constraints—a direct move to improve efficiency for its own models. Separately, the company leased part of a record 9.6 GW of power in Q2 to support AI data centers, underscoring the scale of its infrastructure buildout. Morningstar maintains a $433 fair value, calling the recent Kimi K3-driven selloff misplaced. This follows the $700B capex plan and $80B equity offering announced in May and June, reinforcing the aggressive AI investment thesis.
At the time of this announcement, GOOG was trading at $352.71 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.3T. The 52-week trading range was $184.73 to $404.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.