Alphabet shares drop as much as 9% on revenue miss, soaring AI investments
Publishing timestamp: 2025-02-04 17:00:01
Summary
Alphabet shares fell after reporting fourth-quarter results that missed revenue expectations and announcing plans to invest $75 billion in capital expenditures by 2025. Despite beating earnings estimates, disappointing cloud revenue and slower growth in various business segments led to a drop in after-hours trading. The company also announced investments in AI and expansion of its Waymo self-driving car unit.
Sentiment: NEGATIVE
Tickers: GOOGL, AMZN, GOOG, MSFT,
Keywords: breaking news: technology, internet, breaking news: earnings, business news, alphabet inc, technology, google,
Source: https://www.cnbc.com/2025/02/04/alphabet-q4-earnings-report-2024.html