The headline so far is that Google Cloud brought in $11.96 billion in revenue during the last quarter, missing analyst estimates of $12.19 billion.
As we noted below, Google has seen major growth in its Cloud division during the AI boom. The disappointing Cloud revenue could mean that AI companies are choosing Microsoft or AWS for cloud workloads, or that the AI industry more broadly is slowing down spending on compute.
Either way, not a good sign for Google.
