Woofun AI reports that Alphabet Inc. (GOOG.O) shares declined more than 7% on Thursday following an upward revision of its 2024 capital expenditure forecast. The company adjusted its spending guidance from $190 billion to a range of $195 billion to $205 billion. As the first major technology firm to release quarterly results this cycle, Google’s move precedes earnings reports from Meta, Microsoft, and Amazon scheduled for the following week. These four entities previously indicated in April that they intend to collectively invest up to $725 billion in artificial intelligence development during the current fiscal year. Thomas Monteiro, a senior analyst, characterized the expanded spending plan as "unsatisfactory," noting that reliance on cash flow for financing may become less viable amid rising interest rates and supply-demand constraints in AI infrastructure.