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Alphabet's $205B AI spending plan spooks investors

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A Google Cloud logo at the MWC tech show in Barcelona. (Bloomberg) By Davey Alba and Julia Love July 23, 2026 7:46 AM PT Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! It was a reminder that the full cost of Silicon Valley’s AI rivalry is still largely unknown.Alphabet was the first of the big tech companies to report quarterly results. Meta Platforms Inc., Microsoft Corp. and Amazon.com Inc. follow next week.

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Los Angeles Times
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A Google Cloud logo at the MWC tech show in Barcelona. (Bloomberg) By Davey Alba and Julia Love July 23, 2026 7:46 AM PT Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print Alphabet Inc. raised its capital spending forecast to as much as $205 billion this year, reigniting concerns about a lack of fiscal discipline in the race to dominate artificial intelligence.The Google parent company boosted its projected capital expenditures for the year to a range of $195 billion to $205 billion, up from a previous forecast of $190 billion. Shares fell more than 6% on Thursday.

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