Alphabet's annual revenue exceeds $400 billion, storage chip stocks experience a stampede-like sell-off

2026-02-24 15:33:20

After the US stock market closed on the 4th local time, Google’s parent company Alphabet released its full-year financial report for fiscal year 2025. Revenue for 2025 reached $402.836 billion, a 15% increase year-over-year; net profit was $132.17 billion, up 32% year-over-year. Although both revenue and net profit exceeded expectations, Alphabet significantly raised its capital expenditure guidance for 2026, sparking investor concerns. Alphabet’s stock price dropped as much as 7.5% after hours, then the decline narrowed. Before the US stock market opened on the 5th, Alphabet’s stock price fell about 3%. Recently, some investors have been bearish on AI infrastructure-related stocks, leading to a “stampede” out of high-valued storage chip stocks, triggering a broad decline in tech stocks. The Nasdaq index closed down 1.51% on the 4th. (CCTV Finance)

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