Alphabet's Q2 revenue up 14%, Google Cloud revenue up 29%, stock dip may present investment opportunity.
Alphabet's stock dip may present an investment opportunity, despite recent spending. The company reported strong Q2 results, with revenue up 14% YoY to $84.7bn and Google Cloud revenue surging 29% YoY to $10.4bn. Alphabet's stock may have fallen following earnings release, but its CEO Sundar Pichai's balanced spending approach and the company's overall performance make it a worthy investment despite headwinds and stiff competition.
July 28, 2024
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