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Story summary
- Alphabet Inc. plans to invest $175–$185 billion in capital expenditures to expand AI compute capacity.
- Alphabet's cloud revenue rose 48% to $17.7 billion in Q4, with a $240 billion backlog.
- NVIDIA Corporation's data center revenue rose 75% to $62.3 billion, but the company faces cyclical demand risks.
- Alphabet's diversified business and lower valuation may offer a better investment.
- Both companies are racing to build AI infrastructure for the future.
