Alphabet Posts $98B Investment Gains in Q2, EPS Beats Forecast at $9.11

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Alphabet reported on Wednesday that second-quarter investment gains totaled $98 billion, primarily from unrealized gains in equity securities. The earnings windfall drove the company's per-share earnings to $9.11, significantly exceeding the analyst consensus estimate of $2.90. According to the company's earnings statement, Alphabet holds stakes in SpaceX and artificial intelligence startup Anthropic PBC.
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