Google parent Alphabet’s cloud unit beats quarterly revenue estimates on strong AI demand

Alphabet’s cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company’s overall revenue also beat expectations, with its cloud backlog nearly doubling. This performance highlights Alphabet’s significant gains in the competitive AI market, bolstered by its Gemini models and a key partnership with Apple.

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EMS players rally after govt extends customs duty sops

Electronic manufacturing services players’ shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government’s

July 10, 2026

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