Alphabet’s stock holds near $367 in mid-June 2026 after the tech giant delivered strong first-quarter earnings and signaled an even more aggressive push into artificial intelligence infrastructure, with capital expenditure guidance climbing to as much as $190 billion for the full year.

The company reported Q1 2026 revenue of $109.9 billion, up 22% year-over-year and exceeding analyst expectations of $107.2 billion, according to CNBC. Operating income grew 30% to $40 billion, marking the company’s eleventh consecutive quarter of double-digit revenue growth, according to Alphabet’s investor presentation from June 2026.

Google Cloud emerged as the earnings standout, delivering $20.03 billion in revenue—a 63% increase from the…