On Thursday, Alphabet’s stock jumped nearly 10% following a strong first-quarter earnings report. The company posted revenue of $109.9 billion, marking a 22% year-over-year increase and surpassing analyst forecasts by nearly $3 billion. Notably, Google Cloud hit a milestone by generating over $20 billion in quarterly revenue, reflecting an impressive 63% growth rate. The company also reported a substantial cloud backlog, highlighting the growing demand for its services.
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