AIYahoo Financeabout 3 hours ago
Dan Loeb's Alphabet Bet Pays Off as AI Drives Cloud Growth
1 min read
Billionaire Dan Loeb added 175,000 Alphabet shares worth $50.32 million in Q1. Google Cloud's contracted backlog surged 93% sequentially to $462.3 billion in Q1 2026. Cloud revenue grew 63% year-over-year, outpacing Azure at 40% and AWS at 28%.
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