Alphabet has raised its 2025 capital expenditure target to $85 billion from $75 billion to expand its AI infrastructure.
Big tech companies including Microsoft, Alphabet, Meta, Apple, and Amazon are reporting earnings this week, with a strong trend of beating analyst estimates.
Microsoft is expected to report earnings with EPS of $2.28 and revenue of $100.10 billion, continuing its strong growth driven by cloud and AI services, with capital spending projected around $30 billion to support AI infrastructure.