Google Stock Slips on Stunning Capital Expenditure Forecast

Alphabet Inc (NASDAQ:GOOGL) shares are down 6.1% to trade at $312.64, after the tech behemoth rattled investors with a capital expenditure forecast of $175 billion to $185 billion for the year, far exceeding expectations of roughly $115 billion. Those expenditures are planned to be a massive investment in data centers to satisfy insatiable demands for AI.The selloff comes despite strong fourth-quarter results from the Google parent, which reported earnings of $2.82 per share on revenue of $97.23 billion. An ...