STOCKS | Alphabet Falls Nearly 7% After Raising 2026 Capex Guidance to $205 Billion
2026-07-24 12:09:56
Alphabet beat Q2 revenue expectations, but its shares fell nearly 7% to $318 after the company raised 2026 capex guidance to $205 billion. According to NS3.AI, the stock erased nearly 24 points and wiped out $138 billion in investor value in a single day. CFO Anat Ashkenazi said the new capex plan is higher than the previous $180 billion guidance.
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