Alphabet Raises Capital Expenditure Guidance After Strong Q2 Earnings
TL;DR Summary
Despite concerns earlier in the year, Alphabet is increasing its AI infrastructure spending, driven by strong earnings and surging demand for AI services, with capital expenditures expected to surpass $85 billion in 2023, reflecting a broader industry trend among hyperscalers to invest heavily in AI infrastructure.
- Alphabet updates AI spending forecast after earnings surprise TheStreet
- Google beats on Q2 earnings, raises capex expeditures Yahoo Finance
- CNBC Daily Open: Investors loosen their purse strings for Alphabet's increased spending CNBC
- Alphabet Q2 earnings call: CEO’s remarks The Keyword
- Alphabet Slips After Boosting Guidance for Capital Expenditures Bloomberg.com
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
93%
682 → 46 words
Want the full story? Read the original article
Read on TheStreet