Alphabet spells out more AI capex, China+1 doesn't add up

What happened: Alphabet reported solid third-quarter revenue growth and record cloud sales, but its shares fell more than 10% in extended Why it matters: Investors are growing worried about massive AI spending and demanding returns now rather than in five years, a reality check also hitting AI stocks in China. What happened: PC makers including HP, Asus and Acer are shifting some production from Thailand and Vietnam back to China and using new contract manufacturers as component costs rise. Key numbers: Around 40 local ballot measures on data center development go to a vote on Nov.

Alphabet reported solid third-quarter revenue growth and record cloud sales, but its shares fell more than 10% in extended

Investors are growing worried about massive AI spending and demanding returns now rather than in five years, a reality check also hitting AI stocks in China. What happened: PC makers including HP, Asus and Acer are shifting some production from Thailand and Vietnam back to China and using new contract manufacturers as component costs rise. Key numbers: Around 40 local ballot measures on data center development go to a vote on Nov.