Tesla and Alphabet both reported increased spending on artificial intelligence, causing their shares to fall in premarket trading. Alphabet raised its capital expenditure forecast to $195-205 billion for the year, citing the need to meet growing AI demand, while Tesla's capex surged 142% year-on-year to $5.79 billion in Q2, with plans to exceed $25 billion for the year. Despite the higher costs, both companies highlighted promising growth: Alphabet's cloud revenue jumped 82% year-on-year, and Tesla's automotive revenue rose 23%. CEOs Elon Musk and Sundar Pichai expressed confidence that these investments will yield strong returns in the future.
Google's stock fell 3.31% after its Q2 earnings report showed a slight miss on earnings per share ($2.85 vs. $2.89 expected) despite beating revenue estimates. The company also raised its capital expenditure forecast to $195-$205 billion, signaling i...
Alluvium Asset Management introduced a new position in Copart, a car auction platform, during Q2 2026, despite Copart's stock falling 15.1% over the quarter. Alphabet was the fund's top performer, rising 24.4%. The fund now holds 21 businesses with a...
Alphabet and Tesla reported significant increases in spending and negative free cash flow in Q2, signaling heavy investments in AI infrastructure. Despite beating revenue expectations, both stocks fell after hours, reflecting investor concerns about ...
Google Cloud's revenue surged 82% driven by strong enterprise demand for AI infrastructure, Gemini models, and AI applications. Alphabet raised its 2026 capital spending forecast to up to $205 billion to meet growing computing needs. Gemini AI is exp...
Alphabet Inc. reported strong Q2 results with a 24% increase in revenue and a 30% rise in operating income, driven by robust growth in AI, Search, and especially its Cloud division, which grew about 80%. However, heavy capital expenditures led to a n...
