From CNBC: 2025-02-05 09:39:27

Alphabet’s shares fell over 7% as it missed Wall Street’s revenue expectations and announced plans to invest $75 billion in AI buildout. Despite topping earnings estimates, revenue of $96.47 billion fell short. The company’s YouTube advertising and search businesses slowed. Capital expenditures are expected to range between $16 billion and $18 billion. JPMorgan highlighted costs and cloud revenue as impacting stock performance.



Read more at CNBC:: Alphabet shares fall 7% on revenue miss, heightened AI investments