Alphabet's cloud revenue is its 'single most linear' indicator of AI ROI

Alphabet reported Q2 revenue (excluding Traffic Acquisition Costs) of $103.62 billion and adjusted earnings of $9.11 per share, beating Wall Street forecasts across all segments. Roth Capital Partners managing director Rohit Kulkarni said Alphabet's cloud revenue is its 'single most linear' indicator of AI return on investment.

Alphabet GOOG https://finance.yahoo.com/quote/GOOG/ , GOOGL https://finance.yahoo.com/quote/GOOGL/ is out with its second quarter results, reporting revenue excluding Traffic Acquisition Costs of $103.62 billion and adjusted earnings of $9.11 per share. All segments of the Google-parent company's businesses — Search nearly came in line with estimates — outpaced Wall Street's revenue forecasts. Roth Capital Partners managing director and senior research analyst Rohit Kulkarni comes on Market Domination Overtime to share his reaction to Alphabet's latest earnings release.