Source: New York Post
Alphabet said Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to push ahead in the AI race. Alphabet shares were volatile in after-hours trading — falling 6% before recouping losses, as investors weighed the swell in spending against surging revenue and profit, both of which beat expectations in the December quarter. The company said it was targeting capital expenditure of $175 billion to $185 billion this year, a massive jump compared with average analyst expectations that it would spend about $115.
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