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Alphabet Disappoints Investors, Despite Profit, Revenue Increases

  • Shares in Alphabet fell over 6 percent after slightly missing Q4 revenue target.
  • Despite a strong fourth quarter and full year fiscal performance, Alphabet's share price was down 7 percent.
  • Investors were disappointed by stalling cloud growth and the announcement of a large capital spending increase for AI investment.
  • Alphabet posted a net profit of $26.5bn in Q4, with revenues increasing 12 percent to $96.5bn.

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