Google’s Best Quarter. Google’s Worst Week. $280 Billion Wiped.
Alphabet delivered record Q2 profits — beating consensus on both revenue and EPS. Then the stock fell 7% in three sessions, wiping roughly $280 billion in market capitalisation from a $4 trillion base. Who is right — the market re-pricing management’s AI capex vision, or Sundar Pichai defending long-term infrastructure investment? Speculative predation on a…