** Alphabet's GOOGL.O shares are up 2% to $177.99 on Wed after an executive reiterated that the tech giant will be doubling down on AI investments, primarily technical infrastructure
** GOOGL shares are poised for gains after two straight sessions of losses
** "As our CEO has said, in these early days of a very transformative technology, the risks of under investing are dramatically higher than the risks of over investing," Google APAC Head of AI and Emerging Tech Policy Eunice Huang said during a panel discussion at the Reuters NEXT Asia summit in Singapore on Wed
** In April, GOOGL said it is still committed to spending some $75 billion this year on expanding data center capacity
** Among 55 analysts that cover GOOGL, avg rating is "BUY" and median PT is $200
** Several analysts, including from Oppenheimer and Wells Fargo, have recently raised their PT on GOOGL
** GOOGL is down 6.1% YTD vs NASDAQ Composite Index's .IXIC 6.4% increase
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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