Alphabet Outperforms with AI-Driven Spending

3 months ago

Emily Grafo

"okay so ticker go OG L we're talking about Alphabet here the parent company of Google rising. It was up 5%. It is now up. I know it's moving around a lot. It's moving around a lot. All right. 5%. Yeah. Uh in the post market reported quarterly sales of beat analyst estimates. We were talking about Microsoft's cloud unit, but the cloud unit over at Alphabet also doing well, which is growing as AI startups seek Google support and computing power. So the revenue for the third quarter beat estimates coming in at 102.35 billion. The third quarter EPS also beat estimates $287 a share. And they boosted their fullear capex projection. So they see fullear spending on capital expenditures $91 billion to $93 billion. They had seen 85 billion. This is all on that continued spending on AI data centers that they need to do and custom chips. This is the big story I would say of tech stocks in uh 2025 of like how much are you spending on AI? When is it going to pay off?"

Alphabet is trading up 5% in after-hours on strong quarterly sales and EPS beats, driven by significant capital expenditure in AI-related infrastructure.

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