Google Buys Crusoe Site Days After Unveiling $17 Billion Wyoming Data Center
Published on 11/10/2026 at 16:02 | Editorial boerse-global.de
Google confirmed Friday that it has taken over Crusoe's data center site in southeastern Wyoming, according to Reuters — a purchase that lands just one day after the Alphabet unit announced a long-term $17 billion commitment to its first data center in the state. The company had flagged construction plans in its own release, with Reuters reporting the Crusoe acquisition a day later. The investment is framed as a long-horizon project, while the site purchase was reported as already completed.
Cloud Revenue Doubles as Capex Climbs
The infrastructure push comes alongside striking growth numbers. Alphabet reported third-quarter 2026 revenue of $127.6 billion on October 28, up 25% year over year. Google Cloud contributed $30.7 billion, a 103% jump from the prior-year period, per the company's mandatory disclosure. Net income attributable to common shareholders came in at $26.2 billion.
Capital expenditures for the quarter reached $51.4 billion. Management left full-year 2026 guidance unchanged at $195 billion to $205 billion and signaled that spending will rise sharply again next year.
JPMorgan Trims Its Enthusiasm
Not everyone on Wall Street is cheering the spending spree. JPMorgan removed Alphabet from its Analyst Focus List on Wednesday, media reports indicated, opting instead for Meta and Amazon. The bank kept its "Overweight" rating, citing slower search revenue growth and negative free cash flow driven by AI infrastructure outlays.
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Legal Front: Suit Against California
On the legal side, Google sued California on Thursday to block enforcement of a new youth safety law. The suit targets Assembly Bill 1709, which restricts certain social media features for users under 16, and argues the statute violates the First Amendment and Section 230. The law is set to take effect January 1, 2027, unless a court intervenes.
Google also faces scrutiny over its classroom tools. An AP report noted that school districts can toggle individual Google products on or off, but schools that opt out of artificial intelligence entirely lose access to Google Search as well, according to the company. Educators and policymakers have criticized that arrangement.
Buyouts Go Global
Beyond infrastructure and litigation, Google is reshaping its workforce. Reuters reported Wednesday that the company extended voluntary severance offers to Canada, France, Germany, Japan and Switzerland, with Google saying the programs began in June.
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Investors took the news in stride. Alphabet shares rose 0.7% to €258.85.
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