Wall Street Breakfast Alphabet’s growth comes with a capex bill
Feb 5, 2026
Big tech growth vs spending: a deep dive into one company’s revenue beat and a surprisingly large 2026 capex plan. Mobile chipmaker troubles: guidance misses tied to memory supply and handset demand. Restaurant shakeup: a major chain plans to close underperforming U.S. stores and reset the brand. Quick round of market movers, rare earths, regulatory probes, and upcoming corporate catalysts.
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Alphabet's Big Revenue And Massive CapEx Plan
- Alphabet reported revenue growth of 18% to $113.8 billion led by Google services and Cloud expansion.
- CEO signaled 2026 CapEx of $175–$185 billion, implying major AI and infrastructure investment ahead.
Qualcomm's Guidance Miss And Supply Constraints
- Qualcomm missed Q2 guidance and shares fell sharply in pre-market trading.
- Management blamed memory supply constraints affecting handset customer demand and pricing.
Pizza Hut Portfolio Cleanup And Reset
- Yum! Brands will close about 250 underperforming U.S. Pizza Hut restaurants to clean up its portfolio.
- The plan emphasizes targeted closures plus marketing, tech modernization, and new franchise deals.