Google parent Alphabet Inc.’s shares dropped after slower growth in its cloud business contributed to lower-than-expected revenue in the fourth quarter.

Alphabet shares fell 8% on Wednesday as investors balked at the Google parent's slowing cloud growth and planned $75 billion capital spending for the year, underscoring growing fears over Big Tech's escalating artificial intelligence costs.

Alphabet's fourth-quarter earnings showed slowing growth in its Cloud Services business and a bigger-than-expected capex forecast for 2025.

Alphabet shares dropped after the search giant fell short of Wall Street's fourth-quarter revenue expectations and announced big spending plans

Alphabet shares fell 7.3% in Frankfurt on Wednesday a day after the company reported quarterly earnings that showed cloud revenue growth slowed and missed analyst expectations. Shares in the company dropped over 8% in extended trading on Tuesday following the results,

Alphabet has reported fourth quarter earnings that missed analysts' estimates in revenue as growth in Google Cloud slowed. View on euronews