Alphabet Shares Fall After Cloud Unit Misses Estimates

Alphabet Inc. faced a significant blow as its shares plummeted by the most in a year following the release of a quarterly earnings report.

The earnings report revealed weaker-than-expected profit in Alphabet's cloud computing unit

As Google's flagship search business matures, investors have been relying on the cloud unit to drive growth.

The cloud computing business is described as unpredictable and competitive, posing challenges for Alphabet.

Alphabet's shares dropped significantly, marking the most substantial decline since October 2022, following a promising year of gains.

Despite cloud unit struggles, Alphabet's overall earnings report for the third quarter showed strong results

Google's leadership faces challenges from generative AI chatbots that offer more conversational responses in the search advertising business.

YouTube reported revenue surpassing estimates, benefiting from the rebound in digital advertising spending.

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