Alphabet’s AI-capex binge rattles investors as shares test key moving averages
TL;DR Summary
Alphabet’s Q2 capex rose to $44.9B with full-year guidance raised to $195–$205B and a big step-up expected in 2027. The market sold GOOG/GOOGL in premarket trading, sending the stock below its 100-day moving average for the first time since April and into potential test of the 200-day around $323. Investors weigh AI-spending costs against upside from Cloud growth (up 82% to $24.8B) and Gemini-enabled monetization, with analysts arguing Alphabet is best positioned to capitalize on AI despite mounting capex.
- Google's extreme AI capex spending plans trigger a technical warning on the stock price Yahoo Finance
- Google Sets the Pace on Hefty A.I. Spending The New York Times
- Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike CNBC
- Q2 2026 earnings call: Remarks from our CEO blog.google
- Google upped its capex forecast for 2026 yet again. These stocks are benefiting. (GOOGL:NASDAQ) Seeking Alpha
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