Google plans to spend up to $205 billion on AI, data centres and Gemini as cloud demand surges, even as investors worry about rising costs and returns.

Alphabet increases AI infrastructure spending to $190B for 2026. Alphabet as second-largest company by market cap on July 31 at 4.5% YES.

Alphabet plans up to $185 billion in 2026 capex for AI data centers, more than double last year's spend, as investors await Q2 earnings for