Google share price: Alphabet stocks fall, Google announces $6.41 billion investment in Germany, create 9,000 jobs

Google share price fell on Tuesday. Alphabet Inc Class C stock was down by 0.33 per cent. Google today said it would invest $6.41 billion in Germany in 2029. Google's planned 5.5 billion euro investment in its German cloud infrastructure will secure 9,000 jobs in the country, a senior Google official said on Tuesday, Reuters reported.

Google's investment is seen as a push to expand its infrastructure and data centre capacity in Europe's largest economy. The plans include a new data centre in Dietzenbach, close to Frankfurt, Google said, according to information it provided ahead of a press conference in Berlin.

"The economic multiplier effect of this investment will be considerable," Philipp Justus, the head of Google in Germany, said at a press conference in Berlin. "We estimate that our investment will secure a total of around 9,000 jobs in Germany each year," Justus stated.


Wall Street stocks opened mostly lower Tuesday as some high-flying tech names retreated following the prior session's rally on hopes that Congress would approve a deal to reopen the US government.

Shares of Nvidia dropped 2.5 percent following SoftBank's disclosure that it sold $5.8 billion in the chip company, while pumping funds into other tech companies. Google parent Alphabet as well as Microsoft also fell.

In the early morning trading, the tech-rich Nasdaq Composite Index was down 0.5 percent at 23,406.60. The Dow Jones Industrial Average gained 0.2 percent to 47,446.83, while the broad-based S&P 500 declined 0.2 percent to 6,819.65.

FAQs

Q1. Which are top three indexes of U.S Stock Market?
A1. Top three indexes of U.S Stock Market are S&P 500, Nasdaq Composite, Dow Jones.

Q2. Which shares are down today?
A2. Shares of Nvidia dropped 2.5 percent following SoftBank's disclosure that it sold $5.8 billion in the chip company, while pumping funds into other tech companies. Google parent Alphabet as well as Microsoft also fell.