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Google Cloud Just Tripled Its Margin. Microsoft, Meta and Amazon Are Doing AI Wrong.

Google Cloud Just Tripled Its Margin. Microsoft, Meta and Amazon Are Doing AI Wrong.

Google Cloud's operating margin went from 9.4% to 32.9% in twelve months. Cloud grew 63%. Wall Street rewarded Alphabet with $200B in market cap and punished Microsoft, Meta and Amazon for spending the same money. The split is structural.

vor 6 Mon.6 mo ago10 Min.10 min
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