FirstFT: Google burned through cash last quarter amid AI infrastructure splurge

Alphabet earnings boosted by Google Cloud’s strong growth

Google’s Red-Hot Cloud Growth Drives Second-Quarter Revenue Gains

Alphabet on Wednesday reported its 12th-straight quarter of double-digit revenue growth, boosted by another surge in Google Cloud sales as nearly 1 billion people now use the firm’s AI models.

However, it's still important to understand where the charts of the market's biggest stocks stand heading into their reports — especially with two "Magnificent Seven" components set to release results this evening.