Alphabet (GOOGL.US) shares plunge after earnings, but analysts remain bullish: AI and cloud business are long-term drivers

According to Zhitong Finance APP, before the U.S. stock market opened on Thursday, Google's parent company Alphabet (GOOG.US, GOOGL.US) saw its share price plunge 11% to $289. Investors are concentrating on the company's expenditures, free cash flow data, and the slowdown in search business revenue, partly attributed to a decline in customer monetization rates under the AI model. Alphabet still expects total capital expenditures for the year to be in the range of $195 billion to $205 billion, but once again warned that capital expenditures will increase substantially by 2027.