Alphabet stock drops over 4% after Gemini 3.5 Pro AI delay. With $180-190B capex and earnings due July 22, investors question Big Tech AI

Gemini 3.5 reportedly months behind schedule as Google seeks to improve coding performance to compete with Anthropic, OpenAI

Alphabet shares rose after a report said Google is building the Frozen v2 AI chip to make Gemini faster, more efficient, and reduce computing power needs.

The Google parent - set to report second-quarter results on Wednesday - has delayed from June the launch of its next flagship model, Gemini 3.5 Pro, built especially to catch…