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Amit Singh

CapEx Fears Eclipse Alphabet’s Strong Q2, but GOOGL Stock Still Looks Attractive

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Alphabet (GOOG) (GOOGL) delivered another quarter of better-than-expected financials, with double-digit top-line growth. However, concerns about the tech giant’s rising capital expenditure (capex) stole the spotlight, with GOOGL stock declining in after-hours trading.

Alphabet’s capex totaled $44.9 billion in the second quarter, with most of the spending directed toward data centers, servers, and networking infrastructure to support the expansion of AI capabilities. Alphabet also increased its full-year capex guidance to $195 billion–$205 billion, up from its previous forecast of $180 billion–$190 billion.

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