Alphabet Unveils $185 Billion Capex Plan, Stock Dips Despite Earnings Beat

• Google-parent Alphabet announced a massive $185 billion capital expenditure plan for 2026, significantly exceeding analyst expectations of $119.5 billion.
• Despite beating quarterly earnings expectations, Alphabet's stock fell in extended trading following the capex announcement.
• The substantial investment is aimed at building data centers and infrastructure to capitalize on the growing demand in the AI sector.
• Google Cloud reported strong revenue of $17.7 billion, surpassing analyst estimates, unlike Microsoft's slowed cloud growth.
• Alphabet is strengthening its AI position by supplying specialized AI chips to Anthropic and powering Siri on Apple iPhones with Gemini, which now has 750 million monthly active users.