CNBC·3 min read·medium
Alphabet earnings updates: Stock sinks during analyst call as company hikes 2026 capex - CNBC
S
Samantha Subin, MacKenzie Sigalos, Jonathan Vanian, Jordan Novet
✦AI Summary
Alphabet reported strong revenue growth driven by its cloud division, but its stock price fell due to increased capital expenditure forecasts. The company is heavily investing in AI infrastructure and the development of its next-generation Gemini 4 model to remain competitive.
Google parent Alphabet reported better-than-expected revenue for the second quarter on Wednesday, driven by growth of 82% in its cloud business. But the stock sank in extended trading as the company lifted its forecast for capital expenditures.
technologybusinesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in