Alphabet CEO Pichai: We plan to invest around $75 billion in total In 2025
Alphabets Picai says they plan to invest around $75 billion in total in 2025 cap ex.
That is giving the stock market a boost. The NASDAQ index is now up 1.36%. The S&P is back into positive territory of 36 points or 0.74% and the Dow industrial average is up 0.52%.
Five or so days ago Microsoft announced that they were rethinking investments in data centers which added to market concerns
Although this report from Alphabet is positive, there is a deep-rooted fear that uncertainty from policy leads companies to pull back on investment projects. Companies may start to make announcements like Microsoft to get the message across.