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Barchart
Barchart
Sushree Mohanty

Google Stock: Blowout Q2 But AI Spending Spree Spooked Wall Street

Google Alphabet Google Cloud Search

Once again, while the market should have celebrated Alphabet’s (GOOGL) blowout quarter, investors seem more worried. In the second quarter, Google Search remained resilient, Google Cloud continued its remarkable expansion, and profitability improved. Yet, the whole focus was on just one number, which seems to be the current source of concern for AI investors.

Currently, GOOGL stock has a market valuation of $4.15 trillion and is up 1.62% year-to-date (YTD) but down 10.27% over the past five trading days.

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