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.
Alphabet has been talking nonstop about AI. Now investors are looking for proof that the company’s efforts are working.
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Alphabet Stock Pulls Back From Record Highs After Slight Q4 Revenue Miss: Retail Swoops In To Buy The DipAlphabet, Inc. (GOOGL) (GOOG) shares pulled back in Wednesday’s after-hours session after the search giant reported a slight ...
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U.S. stock indexes were edging lower on Wednesday morning after Alphabet Inc. posted a revenue miss and said it was [ramping up its spending on artificial intelligence.]( ...
China Universal Asset Management Co. Ltd. raised its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 36.0% in the ...
JPMorgan analyst Doug Anmuth adjusted the price target for Alphabet Inc (NASDAQ:GOOGL) shares, dropping it to $220 from the ...
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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 ...
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