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Alphabet Surges on Cloud Growth as Meta Stumbles on Margin Woes

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Alphabet outperforms Meta with an 82% surge in Google Cloud revenue and strong backlog, trading at an attractive valuation.
  • Conversely, Meta snapped its six-quarter EPS beat streak due to $2.4 billion in legal charges and heavy severance costs, sharply compressing operating margins.
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GOOGL price history

338.50 +6.53% over the displayed period

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