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Alphabet’s
fourth-quarter earnings and revenue beat Wall Street expectations. Its cloud unit dazzled, notching a nearly 48% increase in revenue from a year earlier.
The tech giant expects capital expenditure for 2026 to come in between $175 billion and $185 billion — at the higher end, capex will more than double from last year. The huge increase appears to have spooked investors: Alphabet shares fell as much as 3%, before paring losses to 0.39%, in extended trading.
