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Google parent Alphabet (NASDAQ:GOOGL) earmarked 5.5 billion euros ($6.41 billion) for infrastructure and data center capacity in Germany.
The plans include a new data center in Dietzenbach, close to Frankfurt, Reuters reported ahead of Google’s prepared statement.
Germany isn’t the only AI or data destination for Alphabet. The company is investing across multiple regions to boost energy capacity, cloud infrastructure, and workforce development.
Also Read: Google Fires Back At Nvidia With Its New Ironwood AI Chip
Alphabet stock gained over 52% year-to-date.
Alphabet reported a 16% growth in third-quarter revenue to a record $102.3 billion. Gains in digital advertising and cloud computing drove the growth. Net income surged 33% to about $35 billion.
Google's cloud division posted $15.2 billion in revenue, up 34% from last year, as AI demand accelerated data center expansion. Alphabet raised its 2025 capital expenditure forecast to between $91 billion and $93 billion to support AI development. That’s up from $52.5 billion in 2024.
Price Action: GOOGL stock was trading lower by 0.45% to $288.72 at last check on Tuesday.
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