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Alphabet's strong quarter eases fears about the search giant's sky-high spending
The Street is taking a doubling in capital expenditures in stride.
14 words~1 min read
The Street is taking a doubling in capital expenditures in stride.
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While analysts acknowledged Alphabet's higher spending, they were also more optimistic than the stock's 3% slide Thursday morning…

Alphabet's cloud business is accelerating relative to competitors, analysts say

As of Wednesday's nearly record-high close of around $350, the stock was already up nearly 12% year to date.

The stock is ahead more than 5% this month as investors add to names they expect were overly punished in the 'SaaSpocalypse.'

Analysts are betting on solid growth within Alphabet's cloud and search businesses. They're also expecting Meta's strong results…

The company earned an adjusted $3.10 per share on revenue of $102.35 billion.