Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloud

Alphabet saw Q2 growth in digital ads, cloud services, and AI, with $84.74 billion revenue and $23.6 billion net income. Capex is forecasted at $12 billion. AI rollout issues; deals with Wiz and HubSpot fell through. A $5 billion investment into Waymo. Google reversed its decision on third-party cookies amid regulatory scrutiny, stated Sundar Pichai.