Google parent Alphabet Inc (NASDAQ:GOOG) saw its shares slide overnight as investors took fright at slower-than-forecast growth in its cloud arm. Revenue.
Google-parent Alphabet's cloud division posted its weakest growth in nearly three years, leading to a 5.7% decline in its stock value in after-hours trading. This decline is even more striking when juxtaposed with the success of Microsoft's cloud division, which has seen a substantial surge in sales.