Thursday, January 29, 2026 at 2:27 AM
Earnings at the company’s core semiconductor business rose sharply amid demand for advanced chips needed for the AI infrastructure build-out.
The tech giant reported higher-than-expected spending on AI infrastructure while growth in its closely watched cloud business slowed.
AI is supercharging Google’s advertising and cloud-computing businesses, and the company is ramping up spending to unheard-of levels.
Stripping out certain one-time items, adjusted per-share earnings were $1.53, ahead of the $1.32 anticipated by analysts.
Funds are set to go toward a facility in Dresden, as well as other sites, to expand the manufacturing of semiconductors powering data centers and other AI infrastructure.
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