Friday, 7 February, 2025

Alphabet's Market Value Plummets Over $200 Billion Amid AI Investment Concerns

Alphabet Inc., Google's parent company, experienced an 8% stock decline, erasing over $200 billion in market capitalization. Despite surpassing earnings expectations, the company reported slowing cloud revenue growth and announced plans to increase capital expenditures to $75 billion in 2025, up from $52.5 billion the previous year. Investors are apprehensive about the escalating costs associated with artificial intelligence initiatives.