Thursday, 6 February, 2025
Google Parent Alphabet Stock Plunges on AI Spending and Cloud Growth Concerns
Alphabet shares dropped 8% after announcing a massive $75 billion capital spending plan for AI development in 2025, potentially erasing this year's gains. Investors worried about slowing cloud growth (30% vs. previous 35%) and the company's shift from a high-margin search business to a capital-intensive AI focus.
Read full story at Economic Times