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expected quarterly results, with revenue and cloud growth beating Wall Street's forecasts. However, the stock still fell after the announcement.
Why did the stock drop despite good earnings?
Huge AI spending: Google raised its expected 2026 capital expenditures to around $195–205 billion, much higher than before, to expand AI infrastructureGoogle's parent company) reported stronger-than-expected quarterly results, with revenue and cloud growth beating Wall Street's forecasts. However, the stock still fell after the announcement.
Why did the stock drop despite good earnings?
Huge AI spending