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Alphabet Posts Historic $100B Quarterly Profit, Boosted by Anthropic and SpaceX Gains

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Alphabet, Google's parent company, recorded a landmark quarterly profit surpassing one hundred billion dollars, marking a historic financial milestone. The surge was largely driven by significant investment gains from its stakes in AI firm Anthropic and aerospace company SpaceX. Google Cloud also delivered strong revenue growth, further bolstering the company's overall financial performance. Despite the impressive results, Alphabet's stock dipped slightly during trading sessions. Investors continue to monitor the company's rising operational costs and intensifying competition in the artificial intelligence space.

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Alphabet Posts Historic $100B Quarterly Profit, Boosted by Anthropic and SpaceX Gains · ShortSingh