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Alphabet Shares Fall 13% After Weaker-Than-Expected Profit Amid Heavy AI Spending

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Shares of Alphabet, Google's parent company, dropped sharply after the company reported lower-than-expected profit following Wednesday's market close. The company kept its heavy spending on artificial intelligence, which investors appear to have viewed with concern. The decline added to broader tech-sector jitters that pulled down Wall Street stocks. The article reports a 13% fall in Alphabet's share price. No further details on the broader market impact were provided in the source.

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