Alphabet's stock price plunged by over 7%! The financial report fell short of expectations, with a massive investment of over 75 billion U.S. dollars in AI.

Tech giant Alphabet’s fourth-quarter revenue in 2024 fell short of expectations, with underperformance in its cloud business causing a big dump of 7% in stock price after hours. The company also announced a $75 billion investment in the AI field in 2025 to strengthen its technological foundation and enhance competitiveness, with mixed market reactions to its high spending and competitive challenges.

Alphabet’s Q4 financial report fell short of expectations, with the stock price plummeting more than 7% after hours.

After Google’s parent company Alphabet announced its fourth-quarter financial report in 2024, the stock price of GOOG plummeted more than 7% in after-hours trading, mainly due to its revenue falling short of market expectations and disappointing performance in its cloud business.

Despite Alphabet’s announced earnings per share (EPS) of $2.15, slightly higher than the expected $2.13, the overall financial report seems to have failed to appease market sentiment.

A look at Alphabet’s Q4 financial data

According to data provided by Alphabet and CNBC, its total revenue reached $96.47 billion, slightly lower than the market expectation of $96.56 billion shown by LSEG. Other key data are as follows:

YouTube ad revenue: $10.47 billion, which is higher than the expected $10.23 billion.

Google Cloud revenue: $11.96 billion (, which is lower than the expected $12.19 billion )

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