Alphabet’s (GOOGL) Google announced a $9 billion investment in Oklahoma over the next two years aimed at expanding its cloud and artificial intelligence (AI) infrastructure. This investment will focus on constructing a new data center campus in Stillwater, while expanding the existing facility in Pryor. The added investment will significantly boost the U.S. AI and cloud computing capacity, while putting Oklahoma on the map as a major center for America’s tech growth.
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Announcing the news, Alphabet CEO Sundar Pichai stated, “Proud to invest another $9B over two years in Oklahoma, including in Pryor + a new facility in Stillwater, communities that are vital engines of the internet and American innovation.”
Google Aims to Expand AI and Cloud Footprint
The new investment is part of Alphabet’s large capital expenditure plan for 2025, which Google recently increased from $75 billion to about $85 billion. Notably, a portion of the $9 billion spending is included in the current capex plan, while additional funds are earmarked for future investment. Google’s AI push comes as major tech firms, including Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL), are engaged in an intense competition to prove their dominance and meet the rapidly growing demand for AI services.
Along with its AI spending, Google is investing $1 billion in AI education and workforce development. The program will involve more than 100 U.S. universities, including Texas A&M and the University of North Carolina. It will offer free Google Career Certificates and AI training courses to prepare a skilled workforce. Google is also working with the Electrical Training ALLIANCE to boost Oklahoma’s electrical workforce pipeline by 135%.
Google’s investment will build physical infrastructure and develop talent for the growing AI sector. The $9 billion will support Oklahoma’s growth and strengthen America’s AI leadership. Construction on the new data centers is already underway and should be completed between 2027 and 2028. Google’s large investment underscores the importance of cutting-edge infrastructure and workforce training to power the future of AI and cloud services.
Is GOOGL Stock a Good Buy?
Analysts remain highly optimistic about Alphabet’s long-term outlook. On TipRanks, GOOGL stock has a Strong Buy consensus rating based on 27 Buys and nine Hold ratings. The average Alphabet price target of $217.25 implies 7.6% upside potential from current levels. Year-to-date, GOOGL stock has gained nearly 7%.
