CNBC Daily Open: Alphabet capex plans spook investors, while AMD has a brutal day in markets
CNBC • • business
Key Points:
- Alphabet exceeded Wall Street expectations in its fourth-quarter earnings and revenue, with its cloud unit revenue rising nearly 48% year-over-year; however, the company’s planned capital expenditure for 2026, potentially more than doubling last year’s spend, caused shares to fall up to 3% in after-hours trading.
- AI-related stocks faced significant declines this week, highlighted by Advanced Micro Devices dropping 17.3% on a weak first-quarter forecast, while Broadcom and Oracle also saw losses; the Nasdaq and S&P 500 retreated, though the Dow Jones rose slightly.
- Despite challenges in AI stocks, CNBC’s Jim Cramer remains optimistic about South Korean chipmakers Samsung Electronics and SK Hynix, praising their visionary status and
