Why is Alphabet stock moving today?

The stock is reacting to Q4 results and a 2026 AI capex plan of $175–$185B. Investors are weighing ROI from AI in search, YouTube, and Cloud against bubble concerns. Technicals show overbought readings after a $349 high, so short‑term swings may widen as the market tests conviction on growth and margins.

Is Alphabet’s AI capex 2026 too risky?

It is large, but the balance sheet is strong: low leverage, 252.7x interest coverage, and healthy cash flow. The spend is justified if AI features lift engagement, ad yield, and Cloud workloads. The risk is timing and utilization. Watch deployment milestones and margin trends to judge whether returns match the plan.

How does Google Cloud growth support valuation?

Google Cloud growth of 48% helps the mix, can improve margins, and deepens enterprise ties. If AI workloads and Workspace upsell continue, recurring revenue steadies the story and supports premium multiples. A slowdown or pricing pressure would challenge the P/E near 32 and could weigh on the Alphabet share price.

What should German investors focus on near term?

Watch AI product updates, Cloud demand signals, and ad budget tone. Monitor technical levels around the recent high and the 50‑day average. Consider EUR/USD effects if trading in euro, and use limit orders in volatile sessions. Clear ROI proof points from management could be the key catalyst for Alphabet stock.

Global Market Insights

GOOGL Stock Today: February 5—$185B AI Capex Triggers Bubble Fears

ByHuzaifa Zahoor February 5, 2026

Alphabet stock is front and center for German investors today after the company set 2026 capital spending at $175–$185 billion to build AI infrastructure. Following Q4 results on 4 February 2026, GOOGL traded near $339.71 after a $349 intraday high, as markets weighed returns on this outlay. Google Cloud growth of 48% and resilient ads support the case, yet bubble worries surfaced among AI suppliers. For portfolios in Germany, we break down valuation, technicals, and the watch list that may steer Alphabet share price over the next sessions.