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Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
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Alphabet’s Search Moat Becomes an AI Infrastructure Bet
Google Cloud revenue rose 34% to $15.2 billion in Q3 2025, and operating margin widened to 23.7% as AI demand accelerated.
34 min read
Alphabet's Search Moat Is Becoming Infrastructure
Google Cloud revenue rose 34% to $15.2 billion in Q3 2025 as operating margins widened to 23.7%.
34 min read
Alphabet’s Search Moat Becomes AI Infrastructure
Google Cloud revenue rose 34% to $15.2 billion in Q3, and operating margin expanded to 23.7% as Alphabet's TPU strategy cut AI costs.
34 min read
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