Wall Street Breakfast Alphabet slips as AI growth drives higher capex
Feb 5, 2025
Alphabet plans a massive $75 billion capital expenditure for 2025, primarily focusing on AI and cloud infrastructure, despite a slip in its stock performance. Walmart is making headlines by trimming its workforce and consolidating jobs at its headquarters. Meanwhile, Nissan appears set to reject Honda's acquisition offer, stirring up the automotive market. The podcast also discusses trends affecting other stocks like Snap and the implications of ongoing trade tensions.
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Alphabet's Q4 Performance and Future Investment
- Alphabet's Q4 2024 revenue missed estimates, despite growth driven by AI.
- The company plans a significant capital expenditure increase for 2025, focused on AI and cloud infrastructure.
Walmart's Restructuring Strategy
- Walmart is consolidating offices and eliminating some positions to streamline operations.
- The company aims to improve speed and shared understanding by bringing capabilities together.
Nissan and Honda Merger Update
- Nissan is likely to reject a takeover offer from Honda, despite some executive support for the deal.
- The final decision remains uncertain, with discussions ongoing ahead of a mid-February deadline.