Alphabet Slips 2% Despite NASDAQ Rally as Pichai Says Google Cloud Is Giving Up Revenue for AI Capacity; Amazon Dips, Microsoft Holds Steady

Shares of Alphabet (NASDAQ:GOOGL) are sliding even while the NASADQ 100 is up 1% on Wednesday morning. The market is digesting an unusual admission from Google’s chief executive: Google Cloud is giving up revenue so the company’s frontier AI work keeps first claim on scarce computing power. Alphabet stock is down 2% to $331.83, a […]