Latest news with #searchgiant
CNA
6 days ago
- Business
- CNA
Shares in Google parent Alphabet rise after capex plans boost
MILAN :Alphabet shares rose 2.5 per cent in early European trading on Thursday after the Google parent company raised its capital spending plans, following a strong beat of Wall Street estimates for quarterly revenue and profit. On Wednesday, the search giant cited surging demand for its cloud computing services as it increased its capital expenditure forecast for the year to about $85 billion from $75 billion, and signalled a further rise in 2026.
Bloomberg
6 days ago
- Business
- Bloomberg
Alphabet Slips After Boosting Guidance for Capital Expenditures
Alphabet Inc. reported better-than-expected revenue but said 2025 capital expenditures will be higher than previously forecast, intensifying pressure on the company to justify the investments it is making to keep up in the AI race. Shares slipped about 2.8% in late trading after the search giant said capital expenditures would be $85 billion, compared to the $75 billion the company guided earlier this year.
