Even with monster cloud-revenue growth of 48%, Alphabet hasn’t earned the benefit of the doubt around its rapidly rising artificial-intelligence spending.
At least that’s what the stock’s 3% Thursday morning decline would suggest. While numerous analysts said Alphabet
GOOGGOOGL is a rare example of how AI spending can drive a serious financial uplift, investors seem skittish about the fact that the Google parent’s capital expenditures could roughly double this year.
Why Alphabet’s stock is falling despite booming cloud growth
Published:
Even with monster cloud-revenue growth of 48%, Alphabet hasn’t earned the benefit of the doubt around its rapidly rising artificial-intelligence spending.
At least that’s what the stock’s 3% Thursday morning decline would suggest. While numerous analysts said Alphabet
GOOG GOOGL is a rare example of how AI spending can drive a serious financial uplift, investors seem skittish about the fact that the Google parent’s capital expenditures could roughly double this year.
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