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Alphabet (GOOGL) Shares Plunge on Heavy AI Spending Despite Strong Profit Jump

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Alphabet shares dropped 3% despite a 30% profit rise, weighed down by plans to double capital expenditures on AI.
  • Broader tech weakness and rising unemployment claims pressured the market, while bitcoin and precious metals also declined sharply amid economic concerns.
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GOOGL price history

349.39 +8.30% over the displayed period

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