Alphabet’s massive profit growth is just an illusion, as SpaceX and Anthropic help mask a historic cash drain
AI Summary
Alphabet's reported quadrupled earnings are misleading, according to an analyst who argues the gains are inflated by unrealized profits from investments in SpaceX and Anthropic, rather than actual revenue growth. This suggests the company is still struggling with significant cash outflows in its core operations. The revelation is crucial as it highlights potential deeper financial issues that could impact investor confidence and the company's ability to sustain long-term growth.
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