The Ratings Game
Analysts note that new tax provisions could be giving large technology companies more flexibility to invest in chips and other AI infrastructure
Published: July 24, 2025 at 10:22 a.m. ET
Alphabet Inc. seems to be putting its new tax benefits toward more artificial-intelligence chips, according to some analysts, and its Big Tech peers may do the same.
The technology giant turned heads on Wall Street when it announced Wednesday that it was boosting its capital-expenditure forecast for the year to $85 billion from $75 billion. The Google parent company sees opportunities to invest in AI infrastructure, with its cloud business still seeing supply constraints that could last throughout 2025.
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