Alphabet Shares Fall More Than 12% as Investors Weigh AI Spending
Alphabet reported diluted earnings of $2.12 per share and quarterly revenue of $127.58 billion. Investors focused on rising infrastructure spending and negative free cash flow despite continued cloud growth.
Alphabet Inc. (GOOG, Financials), the parent of Google, fell more than 12% as investors focused on rising infrastructure spending and negative free cash flow despite continued cloud growth.Diluted earnings were $2.12 per share, and quarterly revenue was $127.58 billion.Management increased full-yea…