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Alphabet Shares Fall 12.6% After Slowest Growth Report Amid AI Spending Concerns

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Alphabet's October 29 earnings report showed its slowest growth in years, sending its stock down 12.6% in what was described as its worst day in 20 years. Investors quickly grew concerned that heavy spending on AI infrastructure could weigh on the company's cash flows. Similar pressures are being felt across the tech sector, with Microsoft and Amazon also facing rising AI-related costs. Meta's projected capital expenditures point to continued challenges with investment commitments, even as its revenues have increased.

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