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Alphabet’s AI Bet Sparks Market Jitters | Durham News
Alphabet’s stock took a hit after its latest earnings, wiping out nearly $294 billion in market value despite beating revenue expectations. The real concern? A massive spike in capital spending—now projected at $205 billion for 2026—spooked investors worried about AI-driven cash burn. Yet, Google Cloud surged 82% with expanding margins, proving its strength as Alphabet’s future engine. Search revenue held steady, and Bank of America remains bullish, calling the sell-off overdone and highlighting the company’s growing operating margins. Analysts see a clear path to returns, betting that…
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