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, ...
Alphabet shares fell more than 9% in after-hours trading Tuesday after the company reported fourth-quarter results that ...
US stocks reverse early losses to end higher on Wednesday despite Alphabet's drop. Investors shift to other firms with strong ...
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 – ...
This is a significant increase, and it shows that Alphabet is throwing the kitchen sink at its A.I. plans,” said Kathleen ...
Broadcom (AVGO) stock surged 4.3% on Wednesday and gained another 1.5% in today’s pre-market trading session. This surge was ...
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.
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