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Alphabet Stock Falls 8% Even as Cloud Sales Double: Is AI Spending the Problem?

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Alphabet Stock Falls 8% Even as Cloud Sales Double: Is AI Spending the Problem?

Alphabet stock fell 8% as AI spending hit $51.4 billion, wiping out free cash flow despite 103% cloud growth. The post Alphabet Stock Falls 8% Even as Cloud Sales Double: Is AI Spending the Problem? appeared first on BeInCrypto.

Key Takeaways

  1. Alphabet stock fell 8% as AI spending hit $51.4 billion, wiping out free cash flow despite 103% cloud growth.
  2. The post Alphabet Stock Falls 8% Even as Cloud Sales Double: Is AI Spending the Problem?
  3. appeared first on BeInCrypto.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.