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Druckenmiller Bets on Alphabet as Google Cloud Growth Hits 82%

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The Story

News Summary

  • Stanley Druckenmiller's Duquesne Family Office exited Micron and initiated a 336,300-share position in Alphabet in Q2.
  • Alphabet demonstrated strong 82% Google Cloud revenue growth, though aggressive AI infrastructure spending resulted in a negative quarterly free cash flow of $5.86 billion.
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GOOGL price history

338.50 +6.53% over the displayed period

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