STOCKS | Google Falls Over 7% After Raising This Year's CapEx Forecast
2026-07-23 14:43:51
Google fell over 7% on Thursday after lifting its capital expenditure forecast for this year to $195 billion-$205 billion from $190 billion. According to NS3.AI, Meta, Microsoft, and Amazon are set to report next week after the four companies previously disclosed up to $725 billion in planned AI development spending this year. Returns on these investments remain unclear.
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