Alphabet Inc. shares fall 1.76% premarket after reaffirming $75 billion capital spending for 2025.
ByAinvest
Thursday, Apr 10, 2025 4:19 am ET1min read
GOOGL--
Alphabet Inc. dropped 1.76% in premarket trading, with the company reaffirming its $75 billion capital spending plan for 2025. This significant investment is aimed at building out data center capacity and supporting AI services, despite market turmoil and economic uncertainty. Additionally, Alphabet launched its seventh-generation AI chip, Ironwood, designed to enhance AI application performance. However, investors may be concerned about the massive capital costs and the economic outlook, leading to the stock's decline.
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