Google parent Alphabet plans to spend $10 billion more in capital expenditures this year than previously anticipated as the company works to meet surging demand for Google Cloud.

Some pundits are underplaying the big picture when it comes to shares of Alphabet.

Wall Street inched to more records on Thursday as gains for Alphabet and artificial intelligence stocks helped make up for Tesla's steep tumble.

Alphabet's undervaluation, strong fundamentals and growth in Google Cloud and AI offer long-term upside. Read here for more on GOOG stock.

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Asian shares are lower after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks offset a steep tumble for EV-maker Tesla

AI upstarts were supposed to lay siege to Google’s search-engine dominance. So far, the defense is winning, writes Asa Fitch, following second-quarter results from parent company Alphabet. A: Google’s

"The price to the AI show keeps climbing for hyperscalers": Fool chief investment officer Andy Cross noted Alphabet's capital expenditure is soaring ahead of buybacks. Buyback spend this quarter reached just 0.6 times capex – last year it came in at 1.18 times.

The company increased that figure on Wednesday to $85 billion, saying it was raising it due to “strong and growing demand for our Cloud products and services.” The company expects to further increase capital expenditures in 2026, Alphabet finance chief Anat Ashkenazi said on an earnings call.