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Alphabet stock tumbles after cloud revenue miss, spending growth
Google reported its Q4 earnings after the bell Tuesday, missing on cloud expectations.
Meta, like Alphabet, is investing heavily in its AI efforts as it seeks to use the technology to improve ad sales and user engagement. Google, like Meta, is also awaiting the outcome of Trump's advocacy for TikTok, the short-form video app that was supposed to shut down its US operations last month but has continued to run as the president seeks a workaround to avoid an outright ban. Late last year, Google appealed a ruling after the courts found that the company abused its monopoly power over the search business.
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