Alphabet Plans Record Spending; Qualcomm Gives Tepid Forecast; Estee Lauder Slides
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Alphabet (GOOG) topped projections for quarterly revenue and outlined an ambitious capital spending plan, far surpassing predictions, leveraging its growth to build out the data centers and infrastructure needed to lead in the AI age. Google’s parent company said capital expenditures will reach as much as $185 billion this year, compared with the $119.5 billion analysts expected. Fourth-quarter sales, excluding partner payouts, were $97.23 billion, surpassing the $95.2 billion average estimate…
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