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via finance.yahoo.comMarkets

Alphabet falls after weak earnings as Google shifts from buybacks to data centers

FROM THE WIRE · FINANCE.YAHOO.COM

The Google parent reports weaker-than-expected earnings and revenue amid its reinvention as an artificial-intelligence cloud provider. Continue Reading

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishEarnings and revenue below expectations at a mega-cap investing heavily in AI can affect the tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alphabet reported earnings and revenue weaker than expected.
  2. 02The company is reinventing itself as an AI cloud provider.
  3. 03The stock is falling after the results were published.
  4. 04Capital is shifting from buybacks to data centers.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGStock321.89 USDMarket closedtoday +1.60%Negative Meta Platforms, Inc.METAStock612.49 USDMarket closedtoday -1.24%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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