This week is a busy earnings week for U.S. stocks, with Google parent company Alphabet set to announce its second-quarter 2023 results. Investors will be watching Google's efforts in areas such as cloud computing, digital advertising and artificial intelligence. Wall Street analysts compiled by Bloomberg expect Alphabet’s revenue to reach US$72.75 billion, a year-on-year increase of 4.4%; Google’s advertising revenue is expected to be US$57.45 billion; YouTube’s advertising revenue is expected to be US$7.41 billion; Google Cloud’s revenue is expected to be US$7.83 billion, a year-on-year increase of 25% . Market expectations for Alphabet are quite modest, and artificial intelligence will remain a controversial topic. In the first quarter of this year, Google Cloud achieved profitability for the first time, with revenue increasing 28% year-on-year. This quarter, the market seems to be paying more attention to the expected incremental revenue that AI will create. Alphabet shares are up about 36% so far this year.