Alphabet reports robust Q2 earnings; faces antitrust scrutiny over Google's dominance.

Alphabet, Google's parent company, reported strong second-quarter earnings of $28.2 billion and revenue of $96.4 billion, marking a 19% and 14% increase, respectively, from the previous year. Google's core ad revenue rose 12% to $54.2 billion, while Google Cloud saw a 32% revenue increase to $13.6 billion. The company is investing heavily in AI, with capital expenditures rising to $85 billion. However, Alphabet faces antitrust concerns, with a federal judge considering breaking up Google or forcing it to share data with rivals, potentially impacting its future growth.