Alphabet Ups The Capital Spend For AI Infrastructure; Upside Is Priced In (NASDAQ:GOOG)

Core Insights - Alphabet is experiencing significant growth in its cloud services, with a backlog reaching $106 billion [1] - To support this backlog, Alphabet plans to increase its capital expenditure for FY 2025 to approximately $45 billion [1] Group 1: Company Performance - The substantial traction in cloud services indicates a strong demand and potential for future revenue growth for Alphabet [1] - The increase in capital outlay reflects the company's commitment to expanding its cloud infrastructure and capabilities [1] Group 2: Analyst Background - Michael Del Monte, the analyst mentioned, has over 5 years of experience in equity analysis and a decade in professional services across various industries [1]