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Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investors

Alphabet announced strong second-quarter earnings, but its shares declined significantly. The company plans to substantially increase its capital expenditures for artificial intelligence. This massive spending hike comes as Google Cloud revenue saw substantial growth. CEO Sundar Pichai addressed concerns about Google's competitive position in the AI race. Investors and analysts are weighing the potential returns of this significant AI investment.

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Economic TimesLean R·2h ago
Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investors
Alphabet announced strong second-quarter earnings, but its shares declined significantly. The company plans to substantially increase its capital expenditures for artificial intelligence. This massive spending hike comes as Google Cloud revenue saw substantial growth. CEO Sundar Pichai addressed concerns about Google's competitive position in the AI race. Investors and analysts are weighing the potential returns of this significant AI investment.
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Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investors

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Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investors

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