The AI Capex Hangover Has Arrived
Google parent Alphabet (GOOGL) absolutely crushed earnings estimates yesterday after the closing bell. Revenues climbed 24%– a massive jump for a company of Alphabet’s size –…
Written byAdam O'DellSource: Money & Markets
Google parent Alphabet (GOOGL) absolutely crushed earnings estimates yesterday after the closing bell. Revenues climbed 24%– a massive jump for a company of Alphabet’s size – while its cloud business surged 80%, blowing past Wall Street’s expectations. You might have expected investors to reward that performance with a standing ovation. Instead, the shares fell after hours. The […]
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