XTB: The increasingly growing AI investment in Alphabet is expected to bring returns.

Kathleen Brooks of XTB wrote that investors tolerate Alphabet's large capital expenditures because of its strong profits. Google's parent company, Alphabet, has announced that its investment in artificial intelligence data centers will increase to $190 billion this year. At the same time, the company's earnings per share far exceeded Wall Street's expectations, while revenue increased by 22% year-on-year. Brooks wrote: "Alphabet has proven that its AI investments are paying off, with its AI products and cloud computing business having a significant impact on its net profits." She added that Alphabet's AI product portfolio is also easy to understand and built around a coherent strategy. Alphabet's stock price rose 6.3% in pre-market trading.