#AmericaAIActionPlan Roughly a quarter of firms in the S&P 500 have now reported their latest quarterly earnings, and the second-quarter reporting period has been generally robust -- 67% of these groups have topped analysts’ revenue estimates and 88% have surpassed earnings per share projections.

One of the success stories was Alphabet (NASDAQ:GOOGL), as the Google parent handily beat Wall Street expectations with its second-quarter earnings.

The company flagged growing demand for its cloud services, and hiked its 2025 capital spending target to about $85 billion from $75 billion, while also forecasting higher spending in 2026.

Google’s better-than-expected quarterly results showed that it is "generating enough leverage to offset the ongoing GenAI infra build, and at this level of capital intensity, the moat around the business continues to expand," UBS analysts said in a recent note.$ETH