Alphabet Raises Capex Outlook as Investors Weigh AI Spending
2026-07-26 01:17:12
According to CNBC, Wall Street’s focus on artificial intelligence spending intensified after Alphabet reported better-than-expected revenue and earnings, said Google Cloud revenue rose 82% year over year, and lifted its 2026 capital expenditures outlook to between $195 billion and $205 billion. Shares of the Google parent fell 7% on Thursday as investors also noted that management signaled spending would rise again in 2027. Intel posted its strongest quarterly revenue growth since 2011 and said data center revenue jumped 59%, but its shares ended the week down nearly 8%. Healthcare also produced notable news, with Eli Lilly reporting encouraging late-stage data for its next-generation obesity drug retatrutide, while Johnson & Johnson said the FDA approved its Ottava robotic surgery system earlier than expected.
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