00:00It's Benzinga, bringing Wall Street to Main Street
00:02Alphabet executives expressed confidence on Wednesday's earnings call,
00:06signaling that AI investments are increasingly boosting revenue, according to Reuters.
00:11CEO Sundar Pichai said AI infrastructure is contributing to growth beyond Google Cloud,
00:16supporting plans to raise 2026 capital expenditures to between $175 billion and $185 billion.
00:24Pichai said the Gemini app reached 750 million monthly active users by the end of the December quarter,
00:31while Enterprise Gemini licenses climbed to $8 million.
00:34Alphabet shares initially fell after the CapEx outlook,
00:37but stabilized as cloud revenue rose 48% in the quarter.
00:41The stock was down 2% pre-market on Thursday after gaining 65% last year.
00:46For all things money, visit Benzinga.com.
Comments