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 ...

Alphabet. The Google parent raised the top end of its CapEx plan for this year, to $205,000,000,000. There's cloud growth. There's Gemini engagement.All there, but the discipline on spending is a bit of a concern. Joining us is Eric Sheridan, Goldman Sachs, co business unit leader of the technology, media, and telecommunications group in global investment research. He says Alphabet is well positioned to benefit from the growing demand for AI across both consumer and enterprise markets and reiterates a buy r ...