Alphabet, Google's parent company, reported its Q4 earnings, exceeding expectations for earnings per share while revenue was approximately even, yet cloud segment revenue fell short. The company anticipates increasing capital expenditures significantly to $75 billion. Alphabet also faces increased pressure due to a new antitrust probe from China, perceived as a retaliatory action related to trade tensions. Furthermore, the competitive landscape intensifies with rival Meta outperforming in earnings and both firms heavily investing in AI to boost ad revenue and user engagement.
Alphabet reported earnings per share of $2.15 on revenue of $96.4 billion, surpassing expectations despite falling short in cloud segment revenue.
Alphabet plans to raise its capital expenditures significantly, from $57.9 billion to $75 billion, reflecting a strong investment strategy for future growth.
The company is facing increased competition in the cloud space and a robust antitrust challenge from China amid concerns over its AI capabilities.
In comparison, rival Meta reported stronger earnings, reflecting a competitive environment in the tech industry as both companies pivot toward AI investments.
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