Google's $75B AI Gamble Rattles Wall Street, Stock Plunges

In a dramatic turn of events, Alphabet's announcement of a massive $75 billion capital expenditure plan for 2025 wiped $200 billion from its market value. The tech giant's ambitious investment, representing a 50% increase from last year, focuses heavily on AI infrastructure and data centers. While CEO Sundar Pichai expressed confidence in future opportunities, investors were spooked by the lack of specific details about the spending plans. The move comes as tech rivals Microsoft and Meta also ramp up their AI investments, with $80 billion and $65 billion commitments respectively.

Source: Financial Times