Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks helped make up for Tesla’s steep tumble

Google parent Alphabet plans to spend $10 billion more in capital expenditures this year than previously anticipated as the company works to meet surging demand for Google Cloud.

Most leaders in the tech industry owe their wealth to founding equity stakes in their platforms, which Google’s Sundar Pichai does not have.

"The price to the AI show keeps climbing for hyperscalers": Fool chief investment officer Andy Cross noted Alphabet's capital expenditure is soaring ahead of buybacks. Buyback spend this quarter reached just 0.6 times capex – last year it came in at 1.18 times.

Alphabet (GOOGL) is delivering impressive growth across its core businesses, thanks largely to its aggressive push into artificial intelligence (AI). For instance, Google’s parent company, Alphabet, delivered better-than-expected second-quarter financial results on Wednesday,

Alphabet Inc. remains undervalued despite AI competition. Click to explore GOOGL growth in search, YouTube, cloud, & Waymo’s potential in autonomous vehicles.

Mad Money host Jim Cramer defended Big Tech’s massive AI spend, as Meta, Amazon, Alphabet and Microsoft invest $320 billion on AI technology and datacenters.

Alphabet , faced with unprecedented threats from AI rivals, will be keen to assure investors this week that the company's own spending on the technology is helping it dig a deeper moat around its search and advertising businesses.

Alphabet Inc.'s Q2 saw 12% revenue growth, fueled by Google Cloud's 20.7% margins and AI adoption. Click for my updated look at GOOGL stock post earnings.