Crossfiled / Alphabet
4 stories named Alphabet, covered by 4 outlets. Each one is shown beside every other newsroom's version of the same event, with a link to the outlet that filed it.
Intel and Amazon tumbled on poor earnings Friday morning, sending the broader tech sector down again after a three-day rally at the start of the week as industry giants’ massive spending on artificial intelligence infrastructure intensifies investor uneasiness.
Alphabet reported a larger negative free cash flow than analysts had expected while maintaining its spending gudiance for the year.
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in the Google parent Alphabet fell double digits Wednesday evening into Thursday trading, erasing hundreds of billions of dollars in stock market value from the $4tn tech giant.
Shares in Google's parent company Alphabet have suffered their worst-ever day on the US stock market, falling more than 12% and knocking around half a trillion dollars off its value.
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Crossfiled