Alphabet is planning to spend big on AI again this year, sending shares down

• Google’s parent company, Alphabet, reported fourth-quarter earnings on Tuesday.
• The tech giant missed on cloud revenue and plans about $75 billion in capex this year.
• Alphabet continues to bet heavily on AI despite industry disruption from China’s DeepSeek.

Slowing growth in Alphabet’s cloud business and a bigger-than-expected capex forecast for 2025 dragged shares down more than 8% in postmarket trading.

The Google parent company, which reported…