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.
Follow all the latest U.S. market action for Wednesday here as Big Tech stocks again come under pressure on capex concerns.
Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just missed analyst estimates of $12.2 billion.
KeyBanc Capital Markets adjusted its price target for Alphabet (NASDAQ:GOOGL) stock, the parent company of Google, to $220 ...
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CFO Anat Ashkenazi pinned the blame on the earnings call on being "capacity constrained" in the cloud, pointing to still strong demand. But investors aren't having it, opting to dump the stock and ...
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Clear Creek Financial Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 8.8% during the 4th ...
Alphabet Inc. (GOOG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
In a report released today, Ross Sandler from Barclays maintained a Buy rating on Alphabet Class A (GOOGL – Research Report), with a price ...
Founders Capital Management LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.3% during the ...
A look at the highlights from Alphabet's Q4 earnings results including AI, cloud and YouTube commentary and what's next.
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