Should You Buy Alphabet Before Oct. 28?

Alphabet heads into its Q3 earnings report on Oct. 28 with Google Cloud revenue up 82%, driven by AI demand, and the Gemini AI app at 1 billion monthly users. Both figures give GOOGL and GOOG a growth narrative going into the print.

Google Search remains the anchor, generating 68% of revenue. Cloud's 82% increase is the standout number, and the source attributes it directly to AI demand. Gemini's user milestone suggests Alphabet's consumer AI push is gaining scale, though the source gives no revenue figure tied to the app.

The counterweight is capital spending. Heavy capex on AI infrastructure is the main investor concern ahead of the report. Interpretation: a Cloud growth rate this high puts pressure on the print to show the spending is earning returns, so the market's focus may land on investment levels as much as on headline revenue.

The source's bottom line is that Alphabet's early AI leadership and revenue growth prospects make it a solid long-term buy regardless of the short-term earnings reaction. That is a long-horizon view, not a call on how the stock trades the day after the report.