If Alphabet Does This on Oct. 28, the Stock Could Skyrocket

Alphabet is expected to report strong Q3 earnings on Oct. 28, with Google Cloud as the key catalyst. Google Cloud's revenue growth accelerated to 82% in Q2, significantly outpacing competitors Microsoft Azure (43%) and Amazon Web Services (37%). The growth is driven by massive AI workload demand and Alphabet's $195-205 billion capital expenditure investment in data centers. Custom TPUs and upcoming revenue from selling these units could further boost cloud growth. At 27x operating income, Alphabet appears fairly valued, with stock upside dependent on earnings delivery.