AIWall Street Journalabout 2 hours ago
Google Shares Fall 10% on Slowing Search Growth
2 min read
Alphabet shares fell more than 8 percent after third-quarter results showed search advertising growth slowed to 12 percent. Total revenue reached $127.6 billion, while cloud revenue jumped 103 percent to $30.7 billion. A free cash flow deficit of $9.1 billion widened as AI infrastructure spending rose, with capital expenditure reaching $51.4 billion.
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