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Alphabet Stock Holds Steady Near $312 Amid AI Spending Surge and Analyst Upgrades

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Microsoft CEO Satya Nadella says the US tech giant plans to invest $3 billion in India on AI and cloud infrastructure over the next two years

MOUNTAIN VIEW, Calif. — Alphabet Inc., the parent company of Google, saw its shares close at $311.69 on Monday, February 23, 2026, down 1.02% from the previous session but remaining resilient in a volatile tech sector. The stock has traded in a range of roughly $302 to $344 so far in 2026, reflecting investor confidence in the company’s AI investments despite broader market pressures from tariffs and economic uncertainty.

Google and Alphabet Inc. CEO Sundar Pichai says the internet giant is well position for an artificial intelligence era with technology it is building into its platform and services
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Alphabet’s Class C shares (GOOG) and Class A shares (GOOGL) have gained more than 75% over the past 52 weeks, driven by strong performance in core businesses like Search, YouTube, and Google Cloud. The company’s market capitalization stands at approximately $3.77 trillion, making it one of the world’s most valuable firms. Recent analyst upgrades and earnings momentum continue to support the stock, even as capital expenditure forecasts raise questions about near-term profitability.

The latest catalyst came February 23 when Wells Fargo upgraded Alphabet from Equal-Weight to Overweight, raising its 12-month price target to $387 from $353. Analyst Ken Gawrelski cited Alphabet’s aggressive AI infrastructure expansion — from 15 gigawatts to 35 gigawatts by 2028 — as a key driver, positioning the company to outpace rivals in compute capacity. The upgrade implies about 22-24% upside from current levels, with Wall Street consensus around $338-340 per share.

Alphabet’s fourth-quarter 2025 earnings, reported February 4, 2026, beat expectations with revenue of $113.83 billion (up 18% year-over-year) and earnings per share of $2.82 (versus $2.59 expected). Google Services grew 14% to $95.9 billion, led by Search and YouTube, while Google Cloud surged 48% to $17.7 billion, driven by enterprise AI demand. Annual revenue topped $400 billion for the first time, a milestone shared with peers like Apple and Amazon.

Management guided capital expenditures for 2026 at $175 billion to $185 billion — potentially doubling prior levels — to fuel AI data centers, servers, and networking. CEO Sundar Pichai highlighted momentum in Gemini models, with the Gemini App reaching over 750 million monthly active users and first-party models processing more than 10 billion tokens per minute via API. YouTube crossed $60 billion in annual revenue across ads and subscriptions, underscoring diversified growth.

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Despite the positive earnings, shares have pulled back about 7% month-to-date amid concerns over AI spending sustainability. Investor Michael Burry questioned the scale of hyperscaler capex in a February 21 X post, estimating significant depreciation impacts and potential free cash flow declines for companies like Alphabet. Some analysts project Alphabet’s free cash flow could drop sharply in 2026 as investments ramp up, though others view the spending as essential to maintain AI leadership against Microsoft, Amazon, and Meta.

Institutional activity remains robust. Stevens Capital Management increased its stake by 401% in Q3 2025, while major funds like Norges Bank, JPMorgan, and Vanguard adjusted positions. Insider sales occurred, including CAO Amie Thuener O’Toole disposing of shares in early February, but overall ownership stays strong.

The stock’s valuation trades at a forward P/E around 22-24, considered reasonable given growth prospects. AI Overviews and AI Mode in Search are expanding usage, while Cloud’s $240 billion backlog signals sustained demand. Challenges include regulatory scrutiny, competition in AI, and macroeconomic factors like tariffs that could raise costs.

As Alphabet navigates 2026, its dual focus on core advertising strength and AI/cloud acceleration positions it well. The next earnings report is expected in late April, with analysts forecasting EPS around $2.67 for Q1 2026.

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With upgrades and AI tailwinds, Alphabet remains a cornerstone of tech portfolios, balancing short-term caution with long-term optimism.

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Flats boss Eddie Kamil loses battle over consumer warnings

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Flats boss Eddie Kamil loses battle over consumer warnings

Perth City Apartment Hotel boss Eddie Kamil has lost a legal battle with WA Consumer Protection Commissioner Trish Blake.

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Oil climbs 1% as US-Iran conflict worries overshadow large stock build

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Oil climbs 1% as US-Iran conflict worries overshadow large stock build

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Stocks Slide After Trump Raises Global Tariffs to 15%

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Stocks Little Changed After Fed Decision

Stocks Slide After Trump Raises Global Tariffs to 15%

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Thailand’s exports soared 24.4% in January 2026, marking the highest trade growth in four years

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US trade deficit in goods reaches record high with Thailand, Vietnam, and Taiwan

Thailand recorded its strongest trade growth in four years in January 2026, with exports jumping 24.4% and imports rising 29.4%, far exceeding economic forecasts.

This surge was primarily driven by a global “upcycle” in demand for electronics related to artificial intelligence and data centers, providing a significant boost to the Thai economy as the government navigates complex trade relations with the United States and China.

Key Points

  • Thai exports and imports reached their highest growth rates since late 2021, fueled by outbound electronic shipments and high demand for raw materials and machinery.
  • Trade officials attributed the export spike to genuine demand for AI-related technology rather than the transshipment of Chinese goods through Thailand to avoid tariffs.
  • Thailand maintained a $4.8 billion trade surplus with the United States in January, while running a $7.2 billion trade deficit with China.
  • The Commerce Ministry is prioritizing continued trade talks with the U.S. to maintain cooperation and mitigate the impact of proposed 15% global tariffs.
  • The strong trade data provides political momentum for Caretaker Prime Minister Anutin Charnvirakul’s coalition government, which has pledged to improve Thailand’s economic growth relative to its regional competitors.

The Ministry of Commerce clarified that the export spike is a result of genuine demand rather than the transshipment of Chinese goods. This economic boost arrives as the caretaker government looks to accelerate Thailand’s growth to remain competitive with other major Southeast Asian economies.

What specific technological trends contributed to the 24.4% jump in Thai exports in January 2026?

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the specific technological trends and factors that contributed to the 24.4% jump in Thai exports are:

  • Artificial Intelligence (AI): The surge was primarily driven by high global demand for electronic components specifically related to AI technology.
  • Data Centers: There was a significant “upcycle” in demand for electronics tied to the development and operation of data centers.
  • Electronics Sector Upcycle: The broader electronics industry experienced a growth phase, leading to increased outbound shipments of electronic products.
  • Inbound Demand for Infrastructure: While exports rose, the document also notes stronger demand for raw materials and machinery, which supported the overall trade activity linked to these sectors.

The Ministry of Commerce, specifically Nantapong Chiralerspong (Director-General of the Trade Policy and Strategy Office), clarified that this spike was a result of genuine demand for these specific technologies rather than the transshipment of Chinese goods through Thailand to avoid tariffs

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Elusive Shein boss hails Chinese roots in rare public appearance

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Elusive Shein boss hails Chinese roots in rare public appearance

His speech follows years of the firm focusing away from China as it moved its headquarters to Singapore.

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Trump says he has told big tech companies to build their own power plants

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Trump says he has told big tech companies to build their own power plants


Trump says he has told big tech companies to build their own power plants

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Savannah Guthrie Raises Reward to Up to US$1 Million, Acknowledges Mom ‘May Already be Gone’

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Savannah Guthrie

Savannah Guthrie has taken to social media to announce that her family is willing to pay up to US$1 million (approximately $1.41 million) for information that can lead to the whereabouts of her mom Nancy.

Nancy Guthrie has been missing since February 1.

Guthrie Family Raises Reward

In a video posted on social media, Savannah Guthrie also acknowledged the possibility that her mom may already have passed away.

“We also know that she may be lost, she may already be gone,” she tearfully said in the video. “She may already have gone home to the Lord that she loves and is dancing in Heaven… and if this is what is to be, then we will accept it.”

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“But we need to know where she is,” the “Today” host emphasized. “We need her to come home.”

According to PEOPLE, the family also donated US$500,000 to the National Center for Missing and Exploited Children.

A source close to the family also explained to PEOPLE why the family chose to raise the reward. The FBI’s reward of US$100,000 (approximately $141,000) remains active.

“The family first raised this on the first day of the investigation and has been ready to do this ever since,” the source said.

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The source added, “They were advised by all involved in the investigation that doing so earlier might overwhelm the infrastructure set up to field leads, tens of thousands of which have been coming in organically.”

Savannah Guthrie’s full video is available below.

Nancy Guthrie Is Still Missing

Since her February 1 disappearance, Nancy Guthrie has yet to be found. She is believed to have been kidnapped by an armed man.

Nancy Guthrie’s surveillance cameras were able to capture the masked man, and the FBI described him as “male, approximately 5’9″ – 5’10” tall, with an average build.”

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However, authorities are not ruling out that this masked man may have had an accomplice.

Pima County Sheriff Chris Nanos said that the search for the “Today” show host’s mom could take years.

“Maybe it’s an hour from now,” Nanos said, per The New York Times. “Maybe it’s weeks or months or years from now. But we won’t quit. We’re going to find Nancy. We’re going to find this guy.”

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Takeaways from Trump’s State of the Union address to Congress

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Takeaways from Trump’s State of the Union address to Congress


Takeaways from Trump’s State of the Union address to Congress

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Paramount boosts Warner Bros offer to rival Netflix in takeover bid

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Paramount boosts Warner Bros offer to rival Netflix in takeover bid

Warner Bros says the latest proposal could convince it to abandon the deal it struck with Netflix.

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VAALCO Energy, Inc. (EGY) Presents at SB1 Markets 2026 Energy Conference – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

VAALCO Energy, Inc. (EGY) Presents at SB1 Markets 2026 Energy Conference – Slideshow

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