Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up as much as 3% in after-hours trading. The company’s overall revenue grew 14% year over year, higher than the 10.9% Wall Street expected.

For more, check out Google's plans for smart glasses with AndroidXR.

Google crushed earnings expectations — but investor reactions were mixed as the CEO highlighted surging AI usage and a $10 billion capex spike.

Google is weaving AI deeper into shopping with virtual try-ons, personalized price alerts, and shoppable inspiration

Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background.

Analysts note new tax provisions could be giving the large technology companies even more flexibility to invest in chips and other AI infrastructure.

Will Tariffs And AI Continue To Dominate The Market Narrative? "If new duties are announced, most merchants can achieve compliance within hours" using Shopify's enhanced Managed Markets product, President Harvey Finkelstein said in the May 8 first-quarter earnings call.