Why Alphabet (Google) (GOOGL) rose 3.53% on August 4, 2026

Alphabet (Google) (GOOGL) rose 3.53% on August 4, 2026 — Hyperscaler capex surge fuels cloud rebound.

The hyperscaler cohort — Google, Amazon, Meta, Microsoft — all signaled that AI capex growth is intact and accelerating, with no pullback in sight despite macro headwinds.

Google's earnings and forward guidance confirmed sustained trillion-dollar AI infrastructure spending; as the largest beneficiary of hyperscaler cloud and compute demand, Google re-rates higher on visibility that the…

Hyperscaler Capex is the supercycle underpinning AI hardware, chip, and cloud services. Google sits at the center — search moat + advertising + cloud infrastructure — so renewed capex conviction lifts the entire stack.

If hyperscalers pivot to in-house silicon (ASIC) insourcing, Google's custom chip margins compress; if utilization rates underwhelm or ROI proof lags, capex guidance could reset lower.