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Alphabet Defies Tech Selloff as Cloud Revenue Surges 82%

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The Story

News Summary

  • Alphabet shares gained despite broader tech declines, driven by strong quarterly results featuring a 24% revenue rise and an 82% surge in Google Cloud.
  • Despite high valuation multiples, investors remain bullish on Alphabet's rapid AI monetization and expanding cloud backlog.
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GOOGL price history

342.87 +7.36% over the displayed period

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