According to CNBC, Alphabet shares fell 7% on Thursday after the company lifted its 2026 capital spending forecast alongside second-quarter earnings, while Amazon, Meta and Microsoft also declined as investors scrutinized heavy AI infrastructure spending. Alphabet’s stronger capex plans came as it rushes to open new data centers for artificial intelligence, and Evercore ISI’s Mark Mahaney said the move increases the odds that Amazon and Microsoft could follow with similar spending increases. Microsoft and Meta are set to report after the close on Wednesday, and Amazon is due on Thursday.
In April, Microsoft projected $190 billion in capex and finance leases for the year, including $25 billion tied to higher component prices, and analysts polled by Visible Alpha expect $190.1 billion. Following Alphabet’s report, the consensus for Amazon’s capex rose almost $2 billion to $207.4 billion, according to Visible Alpha. Amazon guided to $200 billion in capex for 2026 in February and kept that forecast in April, while analysts now expect the company to raise its spending guide.
Alphabet’s capex boost sends Google shares down 7% as investors question AI spending
2026-07-28 12:07:04
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