Key facts
- Alphabet expects capital expenditures to reach up to $190 billion this year.
- This represents a doubling of last year's spending.
- The company is seeking capital from investors to fund its expansion.
- Alphabet's stock has experienced a four-week losing streak.
Alphabet is planning a significant increase in its capital expenditures for the current year, projecting spending to reach up to $190 billion. This figure is double the amount spent in the previous year. To finance this substantial expansion, the company is looking to raise capital from investors. This move comes at a time when Alphabet's stock has been on a downward trend, having lost value for four consecutive weeks, potentially impacting investor confidence and appetite for new funding.