Alphabet is set to release its earnings call on April 29, drawing investor attention to its AI capital spending, which is projected to be between $175 billion and $185 billion. According to NS3.AI, the key concern for investors is whether the returns will justify such a significant outlay. Additionally, Google Cloud is anticipated to experience a 50% year-on-year growth, following a substantial increase in Q4 operating income, which rose by 154% to $5.3 billion, based on $17.7 billion in revenue.