Title: Alphabet’s Massive $185 Billion AI Bet Shocks Wall Street — Stock Slips Despite Strong Earnings
Key Points Alphabet, the parent company of Google, beat Wall Street expectations for the fourth quarter, but investors weren’t fully impressed. A massive new spending plan focused on artificial intelligence infrastructure cooled enthusiasm, sending shares lower in extended trading on Wednesday. Even though Alphabet topped estimates for revenue, earnings per share, and cloud performance, the … Read more