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Alphabet Faces Scrutiny on AI Spending
Alphabet shares fall as cloud growth concerns and AI spending rattle investors
Alphabet shares fell 8% on Wednesday as investors balked at the Google parent's slowing cloud growth and planned $75 billion capital spending for the year, underscoring growing fears over Big Tech's escalating artificial intelligence costs.
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.
Alphabet earnings: What to expect on AI and the cloud, with Google parent’s stock near a record
Alphabet reports fourth-quarter earnings after Tuesday's closing bell. Investors will be focused on cloud momentum and AI traction, with shares of the Google and YouTube parent company holding fast near the record levels achieved last week.
17h
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 ...
16h
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 ...
18h
on MSN
Alphabet is planning to spend big on AI again this year, sending shares down
Alphabet's fourth-quarter earnings showed slowing growth in its Cloud Services business and a bigger-than-expected capex ...
1d
on MSN
Trade Tracker: Joe Terranova buys Alphabet and sells Microsoft
Joe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to explain his latest ...
19h
Alphabet Plans Massive Capex Hike, Reports Cloud Revenue Growth Slowed
Google's cloud business posted a 30% rise in revenue to $11.96 billion in the fourth quarter, slowing down from the 35% ...
42m
Alphabet shares tank 7% on revenue lag, bump up in AI spending
Alphabet is set to invest $75 billion in capital expenditures, focusing on ramping up its AI capabilities and expanding data ...
18h
Alphabet expands CapEx forecast amid Cloud's Q4 revenue miss
Alphabet's (GOOGL, GOOG) stock dropped by nearly 7% in after-hours trading after reporting fourth quarter earnings results, ...
3d
on MSN
Elon Musk Predicts Tesla Will Be Bigger Than Apple, Nvidia, Microsoft, Amazon, and Alphabet Combined Thanks to This $10 Trillion Opportunity
In fact, Musk thinks humanoid robots will outnumber humans by 2040. He believes Tesla will manufacture them at a cost of ...
9h
Alphabet slides after cloud sales fall short of expectations
Alphabet fell as low as US$187.12 in extended trading, after closing at US$206.38. Quarterly sales, excluding partner payouts ...
55m
on MSN
Alphabet’s $75 Billion Spending Plan Surprised Wall Street. How the Stock Can Recover.
Alphabet was falling on Wednesday as it shocked the market with its heavy spending plan. Wall Street analysts say it can ...
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