On February 5, Alphabet's shares fell 7% after its Q4 earnings revealed a revenue miss at $96.5 billion, slightly below expectations. The company's ambitious $75 billion investment in AI overshadowed its profit beat, which saw EPS of $2.15 against an estimated $2.13. While cloud revenue grew 30% year-over-year, it fell short at $11.96 billion against expectations. YouTube's strong ad revenue could not mask concerns as competition from Meta and TikTok rises, leaving investors wary of Alphabet's heavy AI spending strategy.
Despite beating profit estimates, Alphabet's $75 billion AI investment plan cast a shadow over its fourth-quarter earnings report.
Alphabet reported $96.5 billion in revenue for Q4, missing expectations, while cloud growth fell short amid rising competition.
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