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#GOOGLEarningsBeatButStockDrops3% Alphabet Faces Pressure After Beat and Raise ✨
Google's parent company, Alphabet, announced strong results, but its stock fell by approximately 3% in the after-hours trading. The reason cited was that AI spending was putting pressure on cash flow.
🔹 Revenue $119.8 billion, up 24% year-over-year, exceeding expectations
🔹 Cloud revenue $24.8 billion, up 82% year-over-year, a record growth
🔹 Cloud backlog exceeding $500 billion
🔹 Annual capital expenditure expectation raised to a range of $195-$205 billion, a $15 billion increase from previous expectations
🔹 Q2 free cash flow negative $5.9 billion, the first negative quarterly level
The market's message is clear. Strong revenue figures are not considered sufficient because AI infrastructure spending is growing faster than revenue, and the payback period for the $500 billion cloud backlog remains uncertain. Negative free cash flow emerged as the main factor unsettling investors.
In summary, profitability is currently more important for Wall Street than the promise of future cloud revenue. Unless AI spending slows or free cash flow returns to positive, the stock may remain under pressure despite operational strength.