Alphabet Faces Declining ROIC as Capex Plan Expands
Berkshire boosted its Alphabet stake under CEO Greg Abel, but Alphabet’s returns appear to be weakening. Analysts expect ROIC to keep declining, with an average forecast of a 38.3% drop this year. Alphabet has guided for about $200 billion in capex this year, with CFO Anat Ashkenazi saying capex is expected to rise further in 2027.