Former House Speaker Nancy Pelosi's stock market activities continue to draw attention. Her portfolio, valued at approximately $32.5 million according to a stock tracker, includes major holdings in Microsoft and Alphabet, which together account for 22% of her investments in 2026.
Microsoft recently reported quarterly revenue of $77.7 billion, an 18% increase from the previous year. The Microsoft Cloud business generated $49.1 billion, growing 26%. Azure, the company's cloud platform, saw 40% growth in the most recent quarter.
CEO Satya Nadella stated the company is capacity-constrained and expects this to continue through at least the end of its fiscal year. Microsoft is spending nearly $35 billion per quarter on data centers, GPUs, and AI infrastructure, according to CNBC.
Microsoft 365 Copilot is now used by over 90% of Fortune 500 companies. The product, priced at $30 per user per month, is less than two years old. GitHub Copilot has 26 million users.
CFO Amy Hood noted Microsoft's commercial remaining performance obligation reached $392 billion, nearly doubling in two years. The weighted-average duration of those contracts is about two years.
The company pays a quarterly dividend of $0.91 per share, yielding around 0.79%. Microsoft has raised its dividend every year since 2004. Last quarter, operating cash flow was $45 billion, up 32%, and free cash flow hit $25.7 billion, up 33%. Microsoft returned $10.7 billion to shareholders through buybacks and dividends in three months.
Alphabet reported its first $100 billion revenue quarter, with total revenue growing 16% to $102.3 billion. Google Search generated $56.6 billion, up 15%.
CEO Sundar Pichai said query growth is accelerating because of AI features. The AI Mode feature doubled the number of queries over the quarter and has 75 million daily active users. Alphabet is monetizing AI search experiences at approximately the same rate as traditional search.
Google Cloud grew 34% to $15.2 billion in revenue. Operating margin expanded from 17% to nearly 24%. Nine of the ten largest AI labs use Google Cloud. Anthropic recently committed to using up to 1 million Google TPUs.
Gemini 2.5 Pro has processed 1.3 quadrillion tokens, 20 times faster than the previous version. Over 230 million videos have been generated with Google's Veo model. Google Cloud's backlog hit $155 billion, up 82% year-over-year. CFO Anat Ashkenazi said Google Cloud signed more billion-dollar deals in the first nine months of 2025 than in the previous two years combined.
Alphabet's quarterly dividend is $0.21 per share, yielding about 0.25%. The company raised its dividend by 5% this year. It generated nearly $74 billion in free cash flow over the trailing twelve months and ended the quarter with $98.5 billion in cash and marketable securities. Alphabet bought back $11.5 billion in stock during the quarter.
Analysts forecast the annual dividend per share will increase to $1.13 in 2029, up from $0.84 in 2025, according to Tikr.com data.