Broadcom Stock (AVGO) Surges on Alphabet’s $75B AI Spending Plans
Broadcom (AVGO) stock surged 4.3% on Wednesday and gained another 1.5% in today’s pre-market trading session. This surge was driven by an
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’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 Stock (GOOGL) Nosedives amid $75B AI Spending Concerns
Alphabet (GOOGL), the parent company of Google, has announced a $75 billion capital expenditure budget for 2025. This reflects a large increase
Why Nvidia, Broadcom, and Other Chip Stocks Are Surging Wednesday
Key Takeaways Nvidia and Broadcom shares surged Wednesday after Google parent Alphabet, a customer of both chipmakers, said it plans to ramp up spending on artificial intelligence. Alphabet said Tuesday that it plans to spend as much as $75 billion in capital expenditures this year,
Alphabet is showing the downside of being an AI stock
Alphabet Inc. has become an artificial-intelligence stock, for better or for worse. Though advertising still makes up the ...
As Alphabet Stock Drops, $75 Billion AI Bet Aims To Boost Growth
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 – ...
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 ...
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 ...
Alphabet earnings live updates: AI, Gemini 2.0, Google Cloud, and more
Alphabet's fourth-quarter earnings day is here, with numbers expected to be released after the markets close Tuesday. This ...
Alphabet Earnings Beat Expectations. Why the Stock Is Tumbling.
Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just misses analysts’ estimates of $12.2 billion.
Better Artificial Intelligence Stock: BigBear.ai vs. C3.ai
BigBear.ai and C3.ai operate in the hot AI field, but neither are profitable companies. C3.ai relied on a partner network to ...
Alphabet praises DeepSeek, but it’s massively ramping up its AI spending
Alphabet is shrugging off concerns sparked by DeepSeek over AI spending, boosting its capital expenditures to a whopping $75 ...
Alphabet (GOOGL) Opens its Most Powerful AI Model to the Public
Google parent company Alphabet (GOOGL) has released Gemini 2.0, its most advanced artificial intelligence (AI) model to the ...