Alphabet stock tumbles as AI spending plans exceed Wall Street forecasts
Alphabet shares fell 7.2 percent on Wednesday after reporting fourth-quarter revenue below Wall Street forecasts and revealing substantial spending plans for artificial intelligence (AI) expansion, according to CNBC. This decline marked the stock’s worst performance since January 2024.
Alphabet outlines $75B CapEx for 2025 with focus on AI, cloud infrastructure. Walmart trims workforce, consolidates jobs in ...
Alphabet (GOOGL), the parent company of Google, is scheduled to report fourth quarter results after the market close on Tuesday, February 4, ...
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen ...
Alphabet's revenue for its total advertising business came in at $72.5 billion in the fourth quarter, up 10.6% year over year, and slightly above Wall Street's estimates. According to FactSet, ...
Major indexes on Wall Street fell as disappointing financial forecasts from Alphabet, AMD, and other corporations undermined ...
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
GOOGL had already surprised markets with the scale of its investment in AI. CEO Sundar Pichai said spending on data centers and servers would rise to $75 billion this year from $53 billion in 2024, a ...
US stocks reverse early losses to end higher on Wednesday despite Alphabet's drop. Investors shift to other firms with strong ...
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