Alphabet plans massive capex hike, reports cloud revenue growth slowed
Alphabet said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability.
Alphabet plans significant capital expenditure hike as cloud growth slows
CEO Sundar Pichai defended the dramatic increase on a conference call with analysts, who are raising new questions about capital spending.
Google Parent Alphabet's Stock Slides as Cloud Revenue Disappoints
Google parent Alphabet (GOOGL) reported fourth-quarter earnings that topped analysts' estimates, but its cloud revenue came in short, sending shares lower in extended trading Tuesday. The tech giant saw revenue grow 12% year-over-year to $96.
Alphabet faces scrutiny on AI spending as Google cloud growth slows
Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings on Tuesday, as revenue growth at the Google parent likely slowed in the holiday quarter due to a slowdown in its advertising and cloud businesses.
Google parent Alphabet shares tank over 7% as cloud revenue takes a hit from rivals
Alphabet said Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, while posting cloud revenue that missed analysts’ target. The tech giant’s shares were down more than 7% in extended trading.
Alphabet Revenue Disappoints Investors on Weak Cloud Sales
The internet giant reported cloud sales that narrowly missed Wall Street’s estimates, worrying investors about the company’s ...
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