2024-01-31 09:43:52 ET
Summary
- Alphabet Inc./Google's stock price drop after Q4 earnings indicated positive revenue and income trends have a lot to do with its "Magnificent" status.
- While it shows stable trends in all regions, Google remains dependent on ad spends at a time when macro factors indicate headwinds ahead for overall consumption.
- Google's burning cash to catch up in the AI arms race being fought between tech giants. It will be a while before the company can display a worthy edge.
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For further details see:
Why Google Stock Is Dipping Despite Revenue Upticks