Google Q2 Cloud Revenue Up 82%, Capex Raised, Stock Leads Hardware Sector Decline

On July 24, Google disclosed its second-quarter results, with cloud revenue increasing 82% year-on-year and capital expenditure raised. On July 25, Google led the decline in the hardware sector. During a US roadshow and corporate meetings from July 20 to 25, some investors discussed: if Google had cut its capital expenditure at that time, would the stock have risen? Most responded that it would have fallen more.