Alphabet Shares Drop 7.13% Amid Announcement of $200 Billion Capex Plan by 2026
Alphabet (GOOGL) fell nearly 7% after announcing a projected capital expenditure of up to $200 billion in 2026, raising concerns about the impact on free cash flow. The broader market also declined with the S&P 500 and Nasdaq Composite dropping by over 1%.
Topics: AI spending Alphabet capital expenditures cloud growth free cash flow GOOGL