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💥📊 Sundar Pichai just gave a highly significant signal.

Alphabet is entering a brand-new growth phase.

"For Alphabet, this is a brilliant quarter. Annual revenue has surpassed $400 billion for the first time.
The release of Gemini 3 is a major milestone, and our current momentum is very strong."

This is not an emotional statement but one backed by a full set of operational data.

Gemini is no longer just in the "model showcase" phase:
First-party models (like Gemini) can process over 10 billion tokens per minute via direct API calls from clients;
Gemini App has over 750 million monthly active users;
Search usage has hit another all-time high, with AI substantially driving search expansion rather than eroding it.

This is crucial—
It means Google isn’t being replaced by AI in search but is using AI to amplify its search moat.

Breaking it down by business line, the signals are even clearer:

YouTube’s annual revenue has exceeded $60 billion (ads + subscriptions);
Paid subscribers have surpassed 325 million, with core drivers being Google One and YouTube Premium;
Google Cloud’s annualized revenue will exceed $70 billion by the end of 2025, with growth directly fueled by real enterprise demand for AI products.

This is no longer "proof of concept"—AI is now fully monetizing.

Even more notable is the capital expenditure guidance.
To meet customer demand and lock in future growth trajectories, Alphabet expects 2026 capex to reach $175–185 billion.

This isn’t defensive spending—it’s a classic
offensive expansion after demand has been validated.

When a company simultaneously controls:
Models (Gemini)
Distribution (Search/YouTube/Android)
Enterprise access (Cloud)
And cash flow (ads + subscriptions)
And is willing to ramp capex to this level, the market needs to seriously reassess its long-term ceiling.

The question is no longer "Will AI disrupt Google?"
But—Is AI propelling Google into a larger scale?

Do you think the market has truly priced in this round of changes?

📬 I’ll continue tracking $Alphabet(GOOGL.US)’s key inflection points in AI, cloud, search, and capex, dissecting which data points are truly structural signals versus short-term narratives. Subscribe to stay ahead of the next phase of valuation logic.

#GOOGL #Alphabet #Google #AI #Gemini #CloudComputing #YouTube #BigTech #ArtificialIntelligence