Scott Devitt
👤 SpeakerAppearances Over Time
Podcast Appearances
The growth is very strong.
Search was up 17%.
So the search business alone, that's almost $300 billion of revenue.
And that business is accelerating.
So the infusion of AI overviews into the search results has definitely benefited the platform.
In addition to that,
The cloud business grew almost 50% in the quarter.
Expectations were 38% growth.
It did 48% growth.
So that's on the positive side, and the growth is outstanding.
With that, the company's going to be spending like crazy next year on CapEx, or this year, I should say.
175, 185 billion of CapEx, you know, that they effectively almost doubled CapEx in 25.
They're almost doubling it again.
So it's front footed growth.
But, you know, the market has to digest periods where companies are spending so aggressively.
ahead of revenue and operating profit.
And I think you're seeing some digestion.
You've seen it in meta.
You're seeing it in alphabet.
But these are the right investments to be made.