Google Parent Alphabet's Stock Tumbles Amid Worries Whether AI Spending Will Pay Off

1. Alphabet's shares fell 8% due to AI spending concerns. 2. Analysts lowered price targets reflecting weak cloud growth and high AI investment. 3. Alphabet plans $75 billion in capital expenditures, exceeding Wall Street predictions. 4. Competitor Meta shows clearer ROI path with lower spending on AI. 5. Bank of America's analysts predict underappreciated AI benefits for Google Search.