Google (GOOG, GOOGL) will report its third-quarter earnings after the bell on Wednesday, as Wall Street braces for a deluge of information about the health of the AI trade. Investors have been vacillating between concern and exuberance about the future of AI and whether hyperscalers' vast investments in the technology will pay off. Those fears came into focus last week, as traders dumped shares of CoreWeave over questions about its massive debt load, sending large swaths of the market lower. For the third quarter, analysts anticipate Google will report earnings per share of $3.01 on revenue of $127.8 billion. Revenue excluding traffic acquisition costs is expected to come in at $111.2 billion.
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