Alphabet poised to report Q3 earnings as AI spending surge rattles investors
Cloud growth forecast at 90% but capital expenditure concerns weigh on shares
Alphabet, the parent company of Google, is set to report its third-quarter earnings after the bell Wednesday, with analysts expecting revenue of $128.2 billion and earnings per share of $3.02. The report comes at a tense moment for Wall Street, as investors grow increasingly wary of the massive costs tied to the artificial intelligence buildout.