New York, Jan 30, 2026, 17:14 ET — After-hours.
- Alphabet’s Class C shares (GOOG.O) were little changed in after-hours trading on Friday.
- Focus shifts to Alphabet’s Feb. 4 results as investors scrutinize AI-related capital spending and cloud demand.
- UK regulators are consulting on proposed Google search measures, including publisher controls around AI summaries.
Alphabet’s Class C shares (GOOG.O) were down about 0.03% at $338.53 in after-hours trade on Friday, after swinging between $330.88 and $340.25 during the session.
The stock heads into a crowded week for megacap tech earnings with investors watching one thing more closely than new product demos: capital spending, or capex — the cash companies put into items like data centers and servers. “The onus is going to be on them to deliver,” Jim Baird at Plante Moran Financial Advisors said of companies facing lofty expectations. (Reuters)
Friday’s tone was cautious. U.S. stocks fell after Donald Trump said he would nominate Kevin Warsh for Federal Reserve chair, while investors digested a firmer inflation reading and mixed results from big tech. “Markets are calibrating” to the Fed pick and the policy outlook, Michael Hans at Citizens Wealth said, as the Nasdaq ended the day down nearly 1%. (Reuters)
Alphabet stayed in the headlines late in the week after Google rolled out an AI model, dubbed Project Genie, that can generate interactive digital worlds from prompts, a move that sparked a sharp selloff in several videogame stocks. “We’ll see a real transformation in development” as AI starts creating experiences, said Joost van Dreunen. (Reuters)
In the United Kingdom, the Competition and Markets Authority has proposed measures that would require Google to give publishers more control over whether their material is used in AI Overviews — AI-generated summaries shown in search results. Ron Eden, a Google product executive, warned that new controls need to avoid “breaking search for all UK users.” (Reuters)
Google has also been pressing its security message. The company said this week it took legal action to seize domains used by IPIDEA, one of the largest “residential proxy” networks — services that route traffic through hijacked consumer devices to mask malicious activity — and pushed protections through Google Play Protect. “Reducing the available pool of devices … by millions,” Google said. (Reuters)
The next hard catalyst is Wednesday. Alphabet will discuss fourth-quarter and full-year 2025 results on Feb. 4 at 4:30 p.m. ET, the company said, with the earnings release posted ahead of the call. (Alphabet Investor Relations)
But the setup cuts both ways. If Alphabet’s commentary points to heavier spending without a clear lift in revenue, or if cloud growth slows, traders could punish the stock even if headline earnings hold up. Regulatory pressure on search adds another layer of uncertainty, especially if changes affect how Google displays results or uses content.
After Wednesday’s call, investors get another macro test on Friday, when the Bureau of Labor Statistics is scheduled to publish the January employment report at 8:30 a.m. ET. In Britain, the CMA’s consultation on its proposed Google search conduct rules is open until 5 p.m. on Feb. 25. (Bureau of Labor Statistics)
