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.
Google, AI
Investors focused most intensely on Alphabet’s cloud services business which generated lower-than-expected revenue, a weak ...
Key Takeaways Shares of Google parent Alphabet tumbled Wednesday amid worries about whether the tech giant's spending on AI ...
Meanwhile, the company expects the launch of its new Gemini 2.0 AI model to help drive growth as it moves closer to being a ...
Alphabet's Google on Wednesday announced updates to its Gemini family of large language models, including a new product line ...
Alphabet's fourth-quarter earnings day is here, with numbers expected to be released after the markets close Tuesday. This ...
FY24 results showed 12% constant revenue growth and 31% EPS growth. Click here to find out why I reiterate a buy rating for ...
Anat Ashkenazi took over the CFO post at Alphabet at the end of July. This coming earnings report will be an early test of ...
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.
Explore here for Alphabet's agentic AI advancements, open-source models challenging big tech, and the implications for ...
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