UPDATE—July 23, 2024: This article has been updated to reflect more recent share price information and details regarding Google's reported talks to buy cybersecurity firm Wiz.

Google parent Alphabet (GOOGL) is set to report second-quarter earnings after the bell Tuesday with investors likely to be watching for sustained cloud growth and updates on 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) initiatives.

The tech giant is projected to r🌱epor🥃t revenue of $84.3 billion, according to estimates compiled by Visible Alpha, representing a 13% rise over the year-ago period. Net income is expected to come in at $23 billion, or $1.85 per share, an increase from the second quarter of 2023.

Key Metric: Cloud Growth

Investors will likely watch for sustained growth in Google Cloud, as the cloud segment revenue could help ease investor concerns around big tech's 澳洲幸运5官方开奖结果体彩网:increased spending to invest in AI.

Analysts expect cloud revenue of $10.22 billion, according to consensus estimates from Visible Alpha, representing growth from the quarter prior and the ye🌺ar-ago period.

Business Spotlight: AI Impact

The company could provide investors with updates on projects like its AI assistants, Gemini Live and Project Astra, which could help Alphabet compete with Microsoft-backed (MSFT) OpenAI. Alphabet m♔ay offer insights into how AI Overview is affecting Google Search.

It might also offer context about its interest in dealmaking, after talks to acquire cybersecurity s🐎tartup෴ Wiz reportedly fell through. Google was also recently linked with a possible acquisition of HubSpot (HUBS), though it has 澳洲幸运5官方开奖结果体彩网:reportedly moved on.

Alphabet shares have gained over 30% since the start of the year, at $182.44 as of midday Tuesday, ahead of the company's earnings report.