Alphabet’s stock plunges on revenue miss and AI spending largesse
In a conference call with analysts, Pichai caused a bit of a stir when he said that the company plans to increase its capital expenditure to $75 billion in fiscal 2025 as part of an effort to build out its AI infrastructure. That’s much more than the $58.84 billion that analysts were expecting the company to spend in the coming year.
According to a report from D.A. Davidson, the TPU and AI business could be worth $700 billion as a standalone entity, almost ...
Alphabet Inc. has become an artificial-intelligence stock, for better or for worse. Though advertising still makes up the ...
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Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward ...
Alphabet reported an earnings beat and strong cloud growth, but the Google stock is spiraling Wednesday. Here's why.
Alphabet reports fourth-quarter earnings after Tuesday's closing bell. Investors will be focused on cloud momentum and AI ...
As of 11:15 a.m. ET, the stock was down by 8.1%. Overall revenue rose 12% to $96.5 billion in Q4, slightly below analysts' ...
Investors focused most intensely on Alphabet’s cloud services business which generated lower-than-expected revenue, a weak forecast, and aims to spend $75 billion – ...
Follow all the latest U.S. market action for Wednesday here as Big Tech stocks again come under pressure on capex concerns.
Alphabet analysts see strength in the company's search and YouTube business segments, while questions around cloud and increased spending remain.
Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
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