Alphabet stock jumps 4% after posting strong results, boosting AI spend

Financial Performance - Alphabet reported third-quarter earnings of $3.10 adjusted per share on revenue of $102.35 billion, marking its first quarter with revenue exceeding $100 billion [3] - Analysts had expected earnings of $2.33 per share and revenue of $99.89 billion, indicating a significant beat on both metrics [3] Capital Expenditures - The company increased its capital expenditure expectations for artificial intelligence infrastructure to $91-$93 billion from $85 billion, reflecting strong demand in the cloud sector [1] - CFO Anat Ashkenazi indicated a significant increase in CapEx is expected looking out to 2026 [2] Market Reaction - Following the earnings report, Alphabet's stock jumped 4%, with Deutsche Bank noting that the report had "virtually no hair on the print" and highlighting the stock's 43% increase since the second-quarter earnings release [1][2]