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Google Parent Alphabet Plans to Spend $75B This Year, as Big Tech Goes All in on AI
Investopedia· 2025-02-05 01:30
Key TakeawaysGoogle parent Alphabet said it plans to spend $75 billion in capital expenditures this year, as it expands capacity to meet demand for AI.CFO Anat Ashkenazi said a majority of that spending would go toward technical infrastructure, such as servers and data centers.The announcement comes after Microsoft and Meta also said they would commit tens of billions of dollars in capital expenditures to support their AI ambitions. Google parent Alphabet (GOOGL) said it plans to invest $75 billion in capit ...
AMD's Data Center Revenue Hits Record High But Misses Expectations
Investopedia· 2025-02-04 23:00
Advanced Micro Devices (AMD) posted fourth-quarter revenue and adjusted earnings that beat expectations, but data center sales came up short. The chipmaker's revenue grew 24% year-over-year to a record $7.66 billion, above the analyst consensus compiled by Visible Alpha. Earnings came in at $482 million, or 29 cents per share, down from $667 million, or 41 cents per share, a year earlier, falling short of expectations. However, on an adjusted basis, AMD's earnings of $1.78 billion, or $1.09 per share, beat ...
Google Parent Alphabet's Stock Slides as Cloud Revenue Disappoints
Investopedia· 2025-02-04 22:01
Group 1 - Alphabet reported fourth-quarter earnings of $96.47 billion, a 12% year-over-year growth, and earnings of $26.54 billion, or $2.15 per share, exceeding analyst projections [1][2] - Google Cloud revenue grew 30% to $11.96 billion but fell short of expectations, alongside the Search & Other segment revenue of $54.03 billion [2] - Alphabet plans to invest approximately $75 billion in capital expenditures in 2025 to enhance its progress [2] Group 2 - Chinese regulators initiated an antitrust investigation into Google in response to new U.S. tariffs, with most of Google's services already banned in China [3] - Following the earnings release, Alphabet's Class A shares dropped nearly 7% in extended trading, despite closing at a record high of $206.38, reflecting a 43% increase over the past 12 months [3]
Watch These Meta Price Levels as Stock Hits Record Highs on AI Optimism
Investopedia· 2025-02-04 18:41
Key TakeawaysMeta shares moved higher Tuesday after setting a record close yesterday, as investors bid up the stock in the aftermath of a solid quarterly earnings report and optimism about the company's AI-related growth opportunities.The measuring principle projects a shorter-term bullish target at $755, while bars pattern analysis forecasts a longer-term upside target of around $935.Investors should monitor major support levels on Meta's chart around $632 and $600. Meta (META) shares moved higher Tuesday ...
PayPal Stock Tumbles on Lower-Than-Expected Adjusted Earnings
Investopedia· 2025-02-04 16:26
Key TakeawaysPayPal shares fell Tuesday morning after the company's adjusted earnings fell short for the fourth quarter.The company's projections for adjusted earnings per share in the first quarter and 2025 also missed estimates.Revenue and net income beat estimates, and PayPal also announced a new $15 billion stock buyback program. Shares of PayPal slumped Tuesday as the payment platform's adjusted earnings missed estimates for the final quarter of 2024. The owner of its namesake platform and others such ...
ADM to Cut Jobs as Soft Oilseed Demand Hurts Results
Investopedia· 2025-02-04 16:26
Key TakeawaysArcher-Daniels-Midland missed fourth-quarter earnings and revenue estimates as oilseed demand weakened.The agriculture commodities giant saw its Crushing subsegment operating profit plunge 46% year-over-year.ADM plans to cut $500 million to $750 million in costs over the next three to five years, which includes laying off 600 to 700 workers in 2025. Archer-Daniels-Midland (ADM) shares lost ground Tuesday when the producer of agricultural commodities posted weaker-than-expected results and said ...
Merck Stock Slumps as Q4 Profits, 2025 Forecast Fall Short
Investopedia· 2025-02-04 15:08
Key TakeawaysMerck shares fell sharply Tuesday morning after the drugmaker's profits and 2025 outlook fell short of estimates.Revenue and adjusted earnings, however, managed to top expectations.Sales of a few Merck drugs were hit by lower international demand and lower pricing in the U.S., the company said. Merck shares tumbled Tuesday morning after the drugmaker's soft outlook outweighed fourth-quarter revenue that topped expectations. Merck (MRK) reported $15.62 billion in revenue for the quarter, up 7% y ...
Why Tesla's Stock Tumbled After Trump Tariff Orders
Investopedia· 2025-02-03 21:35
Key TakeawaysTesla was the worst-performing Magnificent Seven stock on Monday, falling more than 5%, after President Trump moved to impose stiff tariffs on America's largest trading partners.The automotive industries of the U.S., Canada, and Mexico, are deeply intertwined; Tesla vehicles, despite being assembled in the U.S., contain parts from Canada and Mexico.Some Canadian officials have proposed directing retaliation at President Trump and his allies, including Tesla's CEO Elon Musk and Republican-led st ...
What Analysts Think of AMD Stock Ahead of Earnings
Investopedia· 2025-02-03 21:15
Key TakeawaysAdvanced Micro Devices is set to report fourth-quarter earnings after the closing bell Tuesday.Its stock has taken a hit, losing over a third of its value in the past 12 months amid concerns about the company's outlook and ability to compete with Nvidia's offerings.However, analysts are more bullish than bearish on the stock, and suggested AMD could continue to benefit from strong spending on AI along with rivals. Advanced Micro Devices (AMD) is set to report its fourth-quarter results after th ...
Watch These Nvidia Stock Price Levels Amid Continued Slump for AI Favorite
Investopedia· 2025-02-03 21:10
Key TakeawaysNvidia shares fell Monday after the Trump administration said over the weekend it would impose tariffs, adding to steep losses for the stock that were fueled by concerns related to Chinese startup DeepSeek's low-cost AI model.Nvidia shares broke down below a seven-month rising wedge pattern last week on the highest trading volume since August 2023, suggesting institutional selling participation.Investors should watch key support levels on Nvidia's chart around $96, $76, and $50, while also moni ...