Google Stock just lost billions of dollars and it beat expectation. Now why is this happening? We'll check this out right now. Google is down more than 6% and being a trillion doll company, that means it just lost trillions I'm sorry billions of dollars. but if we break it down, it's literally super simple.
The only area that they missed was Google Cloud Revenue They beat every other expectation out there. They overall Google Cloud Revenue came in at 8.41 billion versus the expectation of 8.6 you might be asking Ricky Well, what does that even matter if they beat everything else? This is why Alphabet Cloud unit has been a key area of investment as the company tries to catch up to AWS which is Amazon Web Services and Microsoft AER. Now this has been a really big Focus for those three big companies as AI has been something that has absolutely taken off a lot of these. AI companies would rather use cloud-based servers such as Amazon Web services or Microsoft and it sounds like Google is losing the race or at least not meeting expectation for their current.
By Stock Chat
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Do you think the recent antitrust trials have anything to do with the crash?
Keep making such value able shorts in the exact same way, just short and simple
As-your
Ricky, Elon is on the same page with Congress on trying to slow down the production of A.I., because of how fast it is developing. But Microsoft, Meta, Apple all want fast track it.
Sweet dreams
$8.41 vs $8.64 billion…pathetic!