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Alphabet's Cloud Business Just Doubled. The Stock Fell 12%. Is it a Buy?
Alphabet ( GOOGL -12.90% ) ( GOOG -12.68% ) reported third-quarter results after the market closed on Wednesday, and the stock fell about 10% in after-hours trading. At first glance, the reaction makes sense. Earnings and revenue both came in shy of estimates, and Alphabet is spending heavily on its AI build-out. Havin
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