Summary:
- Alphabet, the parent company of Google, has reported a significant increase in its capital expenditure (CapEx) outlook, which has caused its stock price to decline.
- Despite the increase in CapEx, Alphabet's search revenue has soared, indicating strong performance in its core business.
- The article discusses the potential impact of the CapEx increase on Alphabet's financial performance and how it may affect the company's future growth and profitability.