Business & MarketsCompanies

Alphabet Surprises Wall Street With Massive Investment Plan as Cloud Growth Slows

Save
Alphabet Surprises Wall Street With Massive Investment Plan as Cloud Growth Slows
The Google logo on a building in San Diego, Calif., on Oct. 9, 2024. Reuters/Mike Blake
Panos Mourdoukoutas
Updated:
0:00
News Analysis
As cloud growth slows, Alphabet surprised Wall Street this week by announcing a massive multibillion-dollar capital spending plan for 2025. Its shares sold off as the large capital spending bill left fewer funds for stockholders, and analysts questioned the company’s artificial intelligence (AI) investment strategy.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”