Alphabet shares fall as growth in the AI-backed cloud business slows
Source:
Euronews.com
3 months ago
Alphabet, Google's parent company, missed market expectations for Google Cloud growth in Q4, leading to a 7% drop in share price. Despite high capital expenditures projected for 2025, Alphabet's core business remains strong. Google Cloud generated $11.96 billion in revenue, below estimates, while overall revenue was $96.47 billion, also missing expectations. The Other Bets segment, including Waymo, reported a significant revenue drop and operating loss. Waymo continues to expand its robotaxi services. Full article (Euronews.com)