Google slammed with $200B stock hit over AI spending fears, slowing revenue growth
1. Alphabet's stock dropped over 8%, erasing $200 billion in market value. 2. CEO Pichai announced a $75 billion AI-related capex plan for 2025. 3. Cloud revenue growth slowed to 30%, below investor expectations. 4. DeepSeek’s low-cost AI model raises concerns about Alphabet's spending efficiency. 5. Competitors like Meta and Microsoft are maintaining aggressive AI spending.