Alphabet stock down 3.4% after strong Q2 results, margins pressured due to AI investments

From Nasdaq: 2024-07-24 11:33:39

Alphabet (NASDAQ: GOOGL) stock is down 3.4% after strong Q2 results. Revenue hit $84.74 billion, exceeding estimates. Cloud business revenue rose 29%. Margins expected to be pressured due to AI investments. With a forward PE ratio of 23, now may be a buying opportunity for long-term investors. Consider other top stock picks for better returns. Suzanne Frey, from Alphabet, is a board member at The Motley Fool. The Motley Fool has positions in and recommends Alphabet.



Read more at Nasdaq: Why Alphabet Stock Is Sinking Today