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Google Stock Dips After 6-Day Rally

Google's AI spending and profit margins raise investor concerns after rally pause.

[Google’s stock ended a six-day winning streak, dipping 0.51% on Thursday after a remarkable 23% surge over two weeks.][Investors are scrutinizing two main issues ahead of the April 29 earnings call: the margin pressure from the costly AI-powered Search Generative Experience and a massive capital expenditure plan.][Wall Street’s primary concern is that high AI operating costs and spending on data centers could squeeze profits and cash flow, potentially dictating the stock’s next direction.]

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Google’s Alphabet, listed on the NASDAQ as GOOG, snapped its six-day upward trend after closing 0.51% lower on Thursday. However, the search giant had displayed a remarkable rebound, rising from $273 to $335 in just two weeks. Consequently, the nearly 23% surge made it the most sought-after asset in the US market during that period.

The company’s upcoming earnings call on April 29 is now critical for dictating the stock’s next direction. Meanwhile, two major concerns have emerged on Wall Street, as recent reports show the technology is yet to fully materialize. Consequently, until traders see a clear path to positive returns from next-gen tech, doubts about its prospects will persist.

The first problem involves the new AI-based Search Generative Experience potentially squeezing profit margins. This is because every user query costs significantly more in computing power than traditional blue-link results. Analysts worry these higher operating costs could eat into Google’s core ad revenues if capex outpaces returns.

The second issue is Alphabet’s substantial overspending on AI infrastructure without immediate returns. The company’s capital expenditure to build data centers and custom chips stands between $175 billion and $185 billion. If free cash flow numbers dip, as some data shows, the stock could face pressure and potential analyst downgrades.

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