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Google Cloud Business Surges 82% to $24.77B in Q2, TPU Exceeds $1B for First Time

AI Industry News Stocks

2026-07-24 02:31:46

MS-0.50%

According to Morgan Stanley, Google's cloud business revenue surged 82% to $24.77 billion in Q2, while TPU contributed over $1 billion for the first time. Order backlog reached $514 billion, up $52 billion sequentially, signaling strong AI compute demand. Morgan Stanley maintained an overweight rating with a $420 price target, representing 34% upside from current levels, citing AI investments beginning to generate returns.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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