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Alphabet falls as analysts warn of less profitable near-term

Sara Salinas

Alphabet shed nearly 5 percent Tuesday after reporting first quarter earnings Monday. The company is building out its investment in cloud computing, placing it in more direct competition with Amazon and outlining a path forward for the company beyond advertising revenue. Alphabet GOOGL shed nearly 5 percent Tuesday after reporting first quarter earnings Monday, as Wall Street analysts warned of a less profitable near-term for the tech giant.