Alphabet's big spending plans surprised Wall Street. The news should soothe investors worried about last week's DeepSeek shakeup disrupting the AI narrative.

Nvidia was gaining early on Wednesday after Google parent Alphabet committed to spending on artificial-intelligence infrastructure and rival Advanced Micro Devices’ AI chip revenue disappointed. Nvidia shares were up 3.

Beijing has revived antitrust investigations into Google and Nvidia, while considering a new probe against Intel, as China looks for new leverage against US President Donald Trump. China’s State Administration for Market Regulation announced on Tuesday that it had opened an competition investigation into Google,

Even though Google's services are largely unavailable in China, the company is being targeted as part of a response to US tariffs.

China’s State Administration for Market Regulation announced on Tuesday that it had opened a competition investigation into Google, which two people familiar with the matter said would focus on dominance of the US group’s Android operating system and any harm caused to Chinese phonemakers,