Alphabet shares fall as cloud growth concerns and AI spending rattle investors
Alphabet shares fell 8% on Wednesday as investors balked at the Google parent's slowing cloud growth and planned $75 billion capital spending for the year, underscoring growing fears over Big Tech's escalating artificial intelligence costs.
Alphabet stock falls on disappointing cloud growth, China probe
Google Services, which includes Google and YouTube advertising and subscriptions, rose 10% in the quarter to $84.1 billion, while it grew about 13% in Q3, year over year. Google Search, which includes Google ads, climbed 12% to $54 billion, about the same as last quarter.
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