Alphabet shares sink as AI spending concerns spook investors

So, the street actually largely pushing back on the sell-off in Alphabet shares this morning with most analysts maintaining their ratings and several calling the weakness a buying opportunity. Mazuo says the capex increase was broadly expected and the much bigger surprise was cloud with revenue and backlog both jumping 82% and token use surging nearly 40% sequentially. JP Morgan says that's clear evidence that the AI spending is producing returns.and cloud chief Thomas Curran telling our Jim Kramer just a m ...