Google parent Alphabet (GOOG, GOOGL) reported its fourth quarter earnings after the bell on Tuesday, beating on earnings per share and coming in roughly even on revenue. But the company fell short on its important cloud segment revenue.

The search giant said it will spend a staggering $75 billion this year as the AI arms race heats up. Investors may have concerns about whether it will pay off. Shares in Google’s parent company, Alphabet (Nasdaq: GOOG),

Google parent Alphabet (GOOGL) reported fourth-quarter earnings that topped analysts' estimates, but its cloud revenue came in short, sending shares lower in extended trading Tuesday. The tech giant saw revenue grow 12% year-over-year to $96.

China's antitrust investigation into Google, which does not offer most of its consumer-facing services including search and email in the country, seems to make little sense on the surface, but analysts said the move could be seen as a warning shot to the US and a threat to the Android operating system.

Chinese regulators revived their antitrust investigation into Google, following a similar probe into Nvidia announced in December 2024. The move came after Washington imposed tighter restrictions on Nvidia's advanced chips,