Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Yahoo Finance·2025-10-30 04:05
By Kenrick Cai and Akash Sriram (Reuters) -Strong AI demand helped power Alphabet's financial results, as both the core advertising and cloud computing businesses of the Google parent beat revenue expectations. Despite whispers of concerns over a developing AI bubble, the search giant boosted its projected capital expenditures for the year to between 93 billion. “We are investing to meet customer demand and capitalize on the growing opportunities across the company,” CEO Sundar Pichai s ...