Alphabet shares plunge 10% overnight as net income drops 25%; negative FCF amid AI splurge spook investors
In the after-hours trading session, Alphabet shares fell over 10% on reportedly weaker-than-estimated earnings growth for the quarter. Investor sentiment soured largely due to missing the earnings estimate and a massive splurge on AI investments, despite negative free cash flow during the quarter
In the after-hours trading session, Alphabet shares fell over 10% on reportedly weaker-than-estimated earnings growth for the quarter. Investor sentiment soured largely due to missing the earnings estimate and a massive splurge on AI investments, despite negative free cash flow during the quarter
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