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Alphabet Stock Drops 8% Despite Strong Cloud Revenue as AI Spending Concerns Grow
(4 hours ago) · 1 source · Summarized by CryptoBipto
Alphabet's stock fell 8% after its earnings report, even though its cloud division roughly doubled its sales. Investors appeared concerned about the company's heavy spending on artificial intelligence infrastructure, raising questions about the return on those investments.
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SOURCES
- beincrypto.com
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