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00:02Alphabet posted record cloud growth, but investor concerns intensified over delays to its flagship
00:08AI model and a $15 billion increase in 2026 capital spending plans, according to Reuters.
00:15Alphabet raised its 2026 capital spending forecast to between $195 billion and $205 billion,
00:21up from its previous range of $180 billion to $190 billion.
00:25Alphabet reported second quarter adjusted earnings of $2.85 per share, below Wall Street estimates of
00:32$2.89.
00:33Revenue rose to $119.8 billion, beating expectations of $116.9 billion.
00:39Yes, Google Cloud revenue jumped 82% to $24.8 billion, marking its strongest quarter of growth.
00:46Advertising revenue reached $81.6 billion above estimates.
00:49The company also reported negative free cash flow of $5.9 billion, as investors questioned
00:56rising AI spending and delays to Gemini 3.5 Pro.
01:00CEO Sundar Pichai said Google is testing that model while training Gemini 4.
01:06Shares fell about 3% in extended trading on Wednesday.
01:10For all things money, visit Benzinga.com.
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