Alphabet's AI pivot wins Wall Street: Gemini hits 750M MAUs, cloud up 48%

On Wednesday's earnings call, Alphabet highlighted that AI is lifting results across its businesses after launching Gemini 3. CEO Sundar Pichai said the Gemini app exceeded 750 million monthly users by the end of the December quarter, while the company signaled 2026 capital spending of $175–$185 billion and reported 48% cloud revenue growth.