GOOGL is trading at $322.36, down 3.2% as massive 2026 capital expenditure guidance for AI infrastructure overshadows a strong Q4 earnings beat.
- Alphabet exceeded expectations with $2.82 EPS and $113.83B in revenue, driven by a 48% surge in Google Cloud revenue and 750 million monthly active Gemini users.
- Investor sentiment is weighed down by 2026 capex guidance of $175B-$185B—nearly double 2025 levels—sparking concerns that AI spending is outpacing near-term profitability.
- The stock initially dropped 7% in after-hours trading before paring losses, but selling pressure has resumed today amid broader weakness in the technology sector.