GOOG
GOOG fell 3.8 percent today despite beating on both earnings and revenue — and that's the more interesting story. Cloud growth actually accelerated, which is exactly what the bulls wanted to see. But Alphabet also raised its artificial intelligence spending plans, and the market decided the capex number mattered more than the beat. Worth understanding why: when a company lifts forward capital expenditure guidance, it compresses near-term earnings estimates even when the underlying business is healthy. You're being asked to fund a bet on returns that aren't on the income statement yet. The beat was real. The cloud trajectory is real. But so is the spend. Watch cloud revenue growth rate next quarter — if it keeps accelerating, this selloff ages badly.
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-5.1% — Moved with the tape — no single reported reason that day.
-2.4% — Moved with the tape — no single reported reason that day.
+2.5% — Moved with the tape — no single reported reason that day.
-2.5% — Moved with the tape — no single reported reason that day.
+3.8% — Moved with the tape — no single reported reason that day.
-3.8% — Moved with the tape — no single reported reason that day.
-2.5% — Moved with the tape — no single reported reason that day.
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