Google’s AI capital spending plans trigger technical warning on stock

Alphabet is spending money on AI like it just discovered what a credit card is. The Google parent company updated its 2026 capital expenditure guidance to $180-190 billion in April, up from the $175-185 billion it projected just two months earlier in February. For context, the company spent roughly $91 billion across all of 2025. The technical picture looks familiar, and not in a good way Technical analysts have flagged overbought RSI (Relative Strength Index) patterns on Alphabet shares. The last time the chart looked this heated was November 2021. What followed was a roughly 45% decline in the stock’s value. Alphabet announced in June 2026 that it expects to raise around $80 billion through equity sales. The proceeds are earmarked for AI infrastructure and general corporate purposes. The company has also signaled that capex will increase further in 2027, meaning this isn’t a one-year splurge. Big Tech’s collective AI arms race Combined capital expenditures for 2026 across Alphabet, Amazon, Microsoft, and Meta are projected near or above $700 billion, with AI infrastructure serving as the primary driver. Where crypto enters the picture Google has provided at least $5 billion in cr...