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(Bloomberg)-Google Parent Alphabet Inc. The fourth quarter revenues, which were absent from analysts’ expectations with slowing down in their cloud business. The shares decreased more than 8 %.
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On Tuesday, Al -Abbatit said that sales, with the exception of partner payments, amounted to 81.6 billion dollars. Analysts expected $ 82.8 billion, according to the data that Bloomberg collected.
The company also expected 75 billion dollars in 2025 capital expenses, which exceeds 57.9 billion dollars expected by analysts, related to building databases and artificial intelligence infrastructure. This has increased more than 6 % in Broadcom Inc. shares.
He urged the alphabet to prove that it maintains momentum in its business because it is largely spent on artificial intelligence, and with the intensification of competition in this market. The Google’s cloud unit has benefited from the artificial intelligence boom as startups require more computing power to work, but sales of about $ 12 billion in the period ending December 31. Google Cloud is still intermittent behind Amazon.com Inc. And Microsoft Corp. In size.
The alphabet decreased to $ 189.40 in extending trading, after closing it at $ 206.38. The shares have gained 9 % so far this year.
(Updates with CAPEX in the third paragraph)
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