Alphabet (GOOGL) Boosts Capex With $9B AI and Cloud Expansion

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks In The Spotlight For Investors. On August 14, Alphabet’s Google pledged that it will spend an additional $9 billion in Oklahoma over the next two years to expand cloud and artificial intelligence infrastructure.

It announced that it will build a new data center campus in Stillwater and expand its Pryor facility to boost U.S. AI and cloud capacity, along with education and workforce programs.

According to the company, a portion of the spending is included in the capex plan for 2025 that was previously announced, while the rest is appropriated for the future.

Last month, Alphabet raised its annual capital spending plans to an estimated $85 billion from $75 billion previously.

Google has also recentlyh committed $1 billion to AI education and training for U.S. higher education institutions and nonprofits in response to similar pushes from rivals OpenAI, Anthropic and Amazon.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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