Alphabet Inc. has become an artificial-intelligence stock, for better or for worse. Though advertising still makes up the lion’s share of the company’s revenue, investors have been focusing more on the part of Alphabet’s business that seems the best proxy for AI momentum.

Cloud revenue in the quarter of $12 billion—a 30% increase from last year—just misses analysts’ estimates of $12.2 billion.

In a conference call with analysts, Pichai caused a bit of a stir when he said that the company plans to increase its capital expenditure to $75 billion in fiscal 2025 as part of an effort to build out its AI infrastructure. That’s much more than the $58.84 billion that analysts were expecting the company to spend in the coming year.

Alphabet reported an earnings beat and strong cloud growth, but the Google stock is spiraling Wednesday. Here's why.

Global stocks fell on Wednesday, after disappointing earnings from Alphabet knocked Wall Street futures, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike.

Shares of Google parent company Alphabet (GOOGL) are down 7% after the technology company reported fourth-quarter 2024 financial results that