Alphabet Stock Drops 12%. Can Its Dividend Survive the AI Spending Boom?
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The post Alphabet Stock Drops 12%. Can Its Dividend Survive the AI Spending Boom? appeared first on 24/7 Wall St..
Alphabet (NASDAQ:GOOGL) shares fell roughly 12% in today’s session to around $285. The third-quarter report showed free cash flow turning negative for the second quarter in a row. Business Insider described the selloff as a wipeout of market value following the earnings miss. Income investors now have a narrower question: can a company spending more than it brings in keep payi
Alphabet (NASDAQ:GOOGL) shares fell roughly 12% in today’s session to around $285. The third-quarter report showed free cash flow turning negative for the second quarter in a row. Business Insider described the selloff as a wipeout of market value following the earnings miss. Income investors now have a narrower question: can a company spending more than it brings in keep payi
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