Alphabet Inc. sales topped quarterly Wall Street estimates, fueled by a surge in demand for its cloud and artificial intelligence services. Shares rose as much as 7.5% in extended trading.

Old Dominion University has announced MonarchSphere powered by Google Cloud, an artificial intelligence incubator designed to accelerate research, expand digital learning and prepare students for the workforce of tomorrow.

The new features are designed for companies training massive AI models, making it easier to manage complex workloads and keep systems running smoothly.

The capacity will include more than 1GW coming online in 2026, access to up to one million TPU chips, and additional Google Cloud services.

Anthropic expands its partnership with Google Cloud, gaining access to over a gigawatt of TPU capacity to power the next generation of Claude AI models.

The company plans to expand its data center investments by several billion dollars this year amid rising demand for cloud services.

Adobe CEO Shantanu Narayen told Bloomberg in an interview that Wall Street undervalues the company, with AI-focused investors overlooking Adobe’s profitability and growth. Narayen expects the market to shift its attention to Adobe’s strength in AI integration in applications.