Alphabet (GOOG) Surges 24% as Revenue Growth Soars — But Is $190 Billion in Capex Too Much?

Alphabet Inc., the parent company of Google, has experienced a 24.4% surge in its stock price in Q2 2026, resulting in a total market capitalization of $4.2 trillion. The company's strong revenue growth, which exceeded expectations at 22%, played a significant role in its impressive performance. However, Alphabet's capital expenditure increased to USD 190 billion, which has raised concerns due to the strain on the budget.

Despite the surge, the Conventum – Alluvium Global Fund reported a decline in its overall value in terms of EUR, USD, and AUD. The growth in Alphabet's cloud solutions has been a key driver of its success, but cable businesses and several healthcare and consumer holdings negatively impacted the fund's performance.