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Google stock falls as capex surge concerns outweigh cloud growth
in5points
Google's stock (GOOGL) was heading for a third consecutive decline after earnings.
Investors were concerned about rising capital expenditure (capex) for AI investments.
Cloud revenue growth was positive but overshadowed by spending worries.
Retail investors were reportedly buying the dip despite the selloff.
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Rajeev Chandrasekhar / Jupiter Capital interests historically