CNBC July 23, 2025
Key Points
– Alphabet said Wednesday it will spend $85 billion in capital expenditures in 2025 — up from the $75 billion it said it would at the beginning of the year.
– The increase comes as the company tries to get more infrastructure to meet a backlog of customers for its cloud services.
– The Google parent company will spend more money on additional servers as well as other technical needs.
Google is going to spend $10 billion more this year than it previously expected due to the growing demand for cloud services, which has created a backlog, executives said Wednesday.
As part of its second quarter earnings, the company increased its forecast for capital expenditures in 2025 to...
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