$Alphabet(GOOGL.US) Alphabet's Capex surged to $44.9bn, doubling YoY. Management raised the full-year guidance from $18-19bn to $19.5-20.5bn, a net increase of $10bn. They also expect Capex to increase significantly in 2027. This aligns with buy-side expectations of a $5-10bn hike this year due to rising memory prices, with 2025 projections reaching $30-40bn. Google Cloud grew 82%, slightly beating buy-side estimates of 75-80%. Core Advertising slightly beat expectations. Search ads grew 17%, maintaining anticipated strength, while YouTube ads grew 12%, showing a slight QoQ recovery. However, due to massive investment expansion, FCF turned negative (-$5.8bn). EPS grew 294%, but this was primarily driven by valuation gains from investments in SpaceX and Anthropic, making it a distorted metric for Google’s core fundamentals. In my opinion, this was a solid quarter for Google. Bolstering its foundation while Search and YouTube ads continue to grow. Capex was always expected to rise, so no big surprises there. Overall share price is slightly down but not by a huge margin, I still think the potential to hit and maintain $400 by year end is possible. @Captain's Treasure