Sundar Pichai Raised Alphabet's 2026 Capex Forecast to as Much as $205 Billion, Sending the Stock Down 7%. Is This an Overreaction Investors Should Buy Into?
Alphabet's stock dropped 7% after CEO Sundar Pichai raised the 2026 capital expenditure forecast to $195 billion-$205 billion, up from $180 billion-$190 billion, to fund AI infrastructure and cloud capacity. Despite investor concerns over spending, equity raises, and negative free cash flow, the article …