Shares of Google parent Alphabet fell on Tuesday after the company reported quarterly earnings results that showed slowing growth in the cloud business—an important yardstick for investors seeking to gauge the company’s progress in the ultracompetitive AI race.
Google Cloud grew its fourth-quarter revenue by 30% from the year before, totaling roughly $12 billion—a nice haul, except for the fact that Google Cloud’s growth rate in the previous quarter was 35%, and analysts were looking for 33% growth this time around, according to CNBC.
