Stock Decline Driven by YouTube Ads Miss and High Capex Forecast

Alphabet's stock is down 2.68% today, primarily due to a bearish sentiment following a disappointing forecast for YouTube ad revenue and a higher-than-expected capital expenditure forecast for 2026. The company projected capital expenditures between $175-185 billion, slightly above previous estimates, while YouTube ad revenue growth of 9% year-over-year fell short of analyst expectations, contributing to investor concerns.