GOOGL Drops Nearly 5% After-Hours — Alphabet Hikes 2026 Capex Spending To $205B, Sees Higher Spending In 2027

Alphabet's stock (GOOGL) dropped nearly 5% in after-hours trading.

Alphabet announced it will hike 2026 capex spending to $205 billion.

Alphabet sees even higher spending in 2027.

Google Cloud sales totaled $24.77 billion for the quarter ended June 30.

Cloud sales jumped 82% year-over-year.