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Alphabet's Price-to-Fundamentals Mismatch Just Got Better as Institutions Sour on Capex

Source: 247wallst.com

Company FundamentalsCorporate EarningsInvestor Sentiment & Positioning
Alphabet's Price-to-Fundamentals Mismatch Just Got Better as Institutions Sour on Capex

Institutions reportedly sold Alphabet after a capital-expenditure report raised concerns about heavy spending. The article says a metric in the quarterly filing indicates the spending is directed differently than the report’s “cash bonfire” framing suggests, but provides no figures or details about that metric.

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