Alphabet Spending Too Much on AI? Wall Street Sees Both Opportunity and Risk After Earnings: 'The Cloud Number Is the Most Important Number'
Alphabet earnings split Wall Street as strong Cloud growth offset concerns over higher AI spending and negative free cash flow.
Google is spending a lot of money on AI computers, which worries some people—but its cloud business (renting computer power to companies) is growing fast and might make that spending worthwhile. When you look at Google, pay attention to whether the cloud business keeps growing, because that shows if the AI spending is actually helping the company make more money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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