Alphabet Shares Tumble on Cloud Revenue Shortfall. Is This a Buying Opportunity for the Stock?

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) share prices tumbled as much as 8.4% following its Q4 earnings report as the market came away disappointed with the tech giant's cloud computing revenue growth rate. Like a number of other large tech companies, Alphabet is also set to ramp up its artificial intelligence (AI) infrastructure spending this year. News of Alphabet's AI-related plans was also a drag on the share price.Let's take a closer look at the internet search leader's Q4 results to see if this is a good time to buy the stock on the dip.Alphabet's Google Cloud business was in focus in Q4, with the cloud computing unit growing its revenue by 30% to $12 billion. That was a deceleration in revenue growth from 35% in Q3, and the total fell short of the $12.2 billion analyst consensus estimate, as compiled by Street Account. Operating income for the unit, meanwhile, soared from $864 million to $2.09 billion, a 142% increase. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool