Alphabet’s $514 Billion Google Cloud Backlog, AI Spending Put 2027 Growth in Focus, Says Analyst
Alphabet stock rises as Wall Street forecasts a 90% jump in Google Cloud revenue to $29.1B and a massive $514B backlog ramp ahead of Q3 earnings.
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Why It Matters
Google Cloud has a huge pile of customer orders waiting to be filled. This suggests the company could grow much faster in the coming years.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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