Alphabet And Intel: Q2 AI Earnings Kick Off
Alphabet reports earnings after today's close, and Intel follows tomorrow. Together, they provide a first clue as to whether AI-related spending and investment continue at the brisk pace of the prior quarters. Alphabet represents the demand side for AI models. Google's Cloud backlog nearly doubled sequentially last quarter to a record $462 billion, growing 63% year over year, the fastest pace among major cloud providers. That backlog is one important reason Alphabet and the other hyperscalers continue to allocate hundreds of billions of dollars to build out data centers. The problem, however…
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