Google earnings crushed forecasts — but a $10 billion capex increase is spooking Wall Street
1. Alphabet's Q2 earnings beat forecasts but capital expenditures rose by $10 billion. 2. Investors are concerned about escalating costs in the competitive AI landscape. 3. Google's core search business grew over 11% year-over-year, aided by AI. 4. Alphabet Cloud revenue exceeded $13 billion, aided by OpenAI partnership. 5. Meta's AI advancements may further intensify competition in the market.