Alphabet, Amazon Earnings Beat
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•Amazon, Google show profit growth can quiet fears over heavy AI spending
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Google parent Alphabet beat Wall Street on Tuesday with earnings that beat analysts' estimates on the top and bottom lines.
Amazon CEO Andy Jassy said on an earnings call Thursday that "as the market matures over time, they're going to be very healthy margins here in the generative AI space" Microsoft 's boosted AI spending came with its own troublesome news: The company said it expects slower growth in its cloud business.
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