• GOOG Q2: revenue ~$120B (+24% YoY); Google Cloud ~$24–25B (+82% YoY); negative free cash flow ~$5.9B; 2026 capex raised to $195–205B; shares fell ~4–7%.
  • GOOG struck a multi-year June 2026 deal with SpaceX: roughly $920M monthly (~$30B to mid‑2029) for AI compute, granting Alphabet access to 110,000+ Nvidia GPUs.
  • Alphabet holds about $80B in SpaceX equity with roughly $14.1B subject to restrictions through Q3 next year, limiting near‑term sellable shares—key for traders monitoring liquidity and float.
  • EU fined Alphabet (GOOG) €890M under DMA: €460M for favoring Google services in search, €430M for Google Play restrictions. Google has 60 days to comply or face extra fines.
  • Alphabet CEO Sundar Pichai defended Google’s AI approach, highlighted gains in frontier models, cited coding and agent-task improvements, and said Gemini 4 will ship on a monthly cadence.
  • Analyst says Alphabet (GOOG) capex to rise in 2027; 18‑month project lead times imply related equipment orders should stay active through H2 2026.
  • Alphabet raised its annual CapEx outlook and plans heavy spending for coming years; 2027 CapEx may rise further due to higher input costs and frontier model training investments.