Alphabet's third-quarter earnings exceeded Wall Street's expectations, but the company's stock continues to face challenges, including global antitrust probes and heavy spending in AI.
Despite Google's strong performance in digital advertising, it has underperformed against rivals like Meta and Amazon, raising concerns over its market position and future growth.
Alphabet's stock fell 8% following its second-quarter earnings report, highlighting investor apprehension despite beating estimates. This trend reflects ongoing worries about the company's strategic direction.
With fellow tech giants set to announce earnings soon, the outcome will influence the broader market, as these companies represent a significant portion of the S&P 500.
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