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-0.000446535911791967 -0.000480884828083627 0.012228214199842 0.00645759626283789 0.0183423212997631 0.000583931576958802 0.00127090990279258 0.00755676158417198
Stock impact report

Alphabet forecasts larger-than-expected increase to capital spending [Globe and Mail, The (Toronto, Canada)]

Celestica, Inc. (CLS) 
Last celestica, inc. earnings: 4/29 07:00 am Check Earnings Report
Analysts on average had expected Alphabet to spend about US$115.26-billion this year, according to data compiled by LSEG. Why Celestica's shares are down despite surging demand for its AI equipment Like larger rivals Amazon Web Services and Microsoft's Azure, Google Cloud has been grappling with capacity constraints that have dented its ability to fully cash in on AI demand from its customers. Along with Meta, the three cloud companies are expected to collectively shell out more than US$500-billion on AI this year. Meta last week hiked its capital investment for AI development this year by 73 per cent, targeting spending between US$115-billion and US$135-billion, while Microsoft also reported record quarterly capital expenditure. The aggressive expansion in outlay comes at a time when investors have increasingly grown concerned about payoffs from AI investments. However, Google has been able to show strong progress in its AI efforts. The launch of its latest Gemini 3 model Show less Read more
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