Market
Alphabet Stock Falls as AI Spending Continues to Mount
Yahoo2026.07.22
Alphabet reported blowout earnings results late Wednesday, but the stock dropped after the search giant again raised its forecast for capital expenditures. The Google-parent reported second-quarter adjusted earnings of $9.11 per share, well ahead of Wall Street’s consensus estimate for earnings of $2.88 per share, according to FactSet. Alphabet said the results included $6.26 a share in gains on the fair value of its equity securities.