Investors are overlooking the potential of Alphabet’s custom-chip business as the company plans to expand its data-center capacity going into 2028, according to Morgan Stanley.

Microsoft (NASDAQ:MSFT | MSFT Price Prediction) and Alphabet (NASDAQ:GOOG) both reported earnings on April 29, 2026. Microsoft leaned on enterprise cloud and Copilot seats. Alphabet leaned on Search resilience and a hyper-growing cloud unit.

Honeywell's spin-off was the catalyst for replacing Verizon with Alphabet in the Dow Jones Industrial Average.

While Nvidia, Meta and Oracle fund the AI build-out with bonds, Google's parent reached for equity, the largest such raise in U.S. corporate history. A $10 billion cheque from Berkshire Hathaway tells you who was convinced.

There is more to Alphabet than its Google search engine, from deep-sea cables to self-driving cars and energy storage. Should investors buy into the tech giant?

Two high-profile personnel exits in two weeks have called into question the outlook for Alphabet's AI offering.

Alphabet expects capex to reach up to $190 billion this year, double last year's spending, and the company is turning to investors to help fund its expansion.

GOOG's $84.75B equity raise and $190B CapEx aim to outspend rivals in AI infrastructure but risk a ~$45B annual depreciation cliff by 2027. Transitioning to agentic commerce via UCP and orbital AI data centers could redefine monetization,