Technology giant Alphabet Inc. has revised its full-year capital expenditure (CAPEX) projection significantly upwards.
The company’s updated forecast now stands at approximately $85 billion, marking a substantial increase from its previous estimate of approximately $75 billion.
Alphabet’s initial full-year CAPEX estimate was around $73.31 billion, making the latest revision a notable upward adjustment reflecting substantial planned investment.
The increased expenditure signals Alphabet’s intention to significantly ramp up investments in its core infrastructure and technological capabilities.