Bullish on GOOGL post-earnings beat driven by AI cloud and ad growth

I've gone all-in with my XP on $GOOGL's earnings beating expectations! 🧐 Breaking it down, Google's core business mainly consists of three segments: First is the cloud business. The Q3 expectation is $29 billion. It's almost certain that the cloud segment will beat expectations. Additionally, in October, they signed a compute power cooperation contract with OpenAI worth $22.4 billion. And in June, they secured a $30 billion compute power deal with SpaceX. Combined with the shipment of the Gemini series and their own TPU chips, this segment is quite stable. Latest data 📊 shows that Google Cloud's backlog of contract orders has reached $513.9 billion, indicating explosive future fulfillment demand! Second is the search advertising business. This segment grew by 17% in Q2. With the increase in search queries due to AI features and the use of AI to improve ad matching, the expected outperformance in this area is also fairly certain ✅. You can refer to Meta's recent earnings report for reference. Third is the monetization of the YouTube and streaming ecosystem. YouTube ads plus subscriptions, along with the rapidly growing Shorts short-video commercialization, have become stable sources of cash flow! Another point is that according to the latest Bank of America forecast, Google's depreciation and amortization for Q3 will be approximately $8 billion, lower than the market expectation of $8.9 billion. Just based on this alone, it will significantly improve Google's profit performance! Let's wait and see the results of the #OKX draw! 🤔 The current market conditions are not great, but participating more in OKX activities is still a good idea. XP points can be used to participate, sharing activity rewards of $250,000. Come join me! 🔥 @okxchinese @Jiajia_OKX