The problem with being magnificent is that it can become difficult to live up to those standards, and Alphabet found that out today. Lighter than expected cloud growth was enough to drop the stock from its lofty altitude, as it nursed its biggest loss (-9.6%) since the Covid days of March 2020. Microsoft (+3.1%) did beat in cloud, but it was not enough to provide enough of a lift for the broader markets. Investors are in the thick of earnings currently, and according to Bloomberg, Q3 earnings g…
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