Google parent Alphabet (GOOG) traded at $193.50 in after-hours to follow its predictably successful quarterly release on July 23. This level was well above its crucial multi-month resistance at $190 per share. A bullish breakthrough is here to define the further climbing to mid-term targets from $210 to $220. Nothing new compared to the general forecast I shared with you before the release, only more signs of strategic strength appeared.

Alphabet’s Q2 total revenue came out at $‪96.43 billion vs 93.90 billion widely expected, as well as $84.74 billion in Q2 2024 and ‪$90.23 billion in Q1 2025. This needs no additional comments. Google’s ad contribution, being about three-quarters of the overall sales added 10.4% to $71.34, beating analyst projection for $69.47 billion.

Q2 2025 earnings of $2.31 per share, compared to the analyst pool's expectations of $2.17, and a 22.2% increase from $1.89 in the same period a year ago. This maybe does not match the record-breaking $2.80 in the previous quarter, which was almost 40% better than the averagely expected $2.02. Nevertheless, the current result is still very impressive for the rally in Google to be continued.

The search giant’s CEO Sundar Pichai cited massive demand for its cloud computing products and decided to hike capital-spending plans for the whole year to about $85 billion. Cloud division’s growth was at 32%, well above average estimates for a 26.5% pace. In a competitive AI environment, Google is increasing its bet vs earlier plans to spend about $75 billion, also a lion’s part of the more than $320 billion that giant techs are investing into building new capacities. That's what both the crowd and experts like right at the moment.

As for Tesla, its reported figures matched the consensus to within an infinitesimal margin of difference on a quarterly basis. This pushed the stock somewhat down, yet it seems to me that Wall Street has not chosen between the two scenarios I described a day before. As Tesla said it launched initial versions of the so-called “affordable car” and also were in “early talks” with Nevada officials on extending robotaxi service, this may offset a mixed impression due to an annual sales decline, more over the decline was not as bad as feared. That’s all I have to say about Tesla's report today, as the stock price has already risen by 1.5% and then fell by 4.5%. The first half of next week will reveal a clearer choice between two volatile scenarios, which are very positive (without a larger pullback) and just positive (through some temporary price correction).