Why did Google shares crash 7%?

Shares of Google parent Alphabet crashed more than 7% on Wednesday following the company's Q4 revenue miss and high capital expenditure plans. The company's revenue came in at $96.47 billion, behind the $96.56 billion expected by analysts. Alphabet also posted a cloud revenue miss. S&P 500 and Nasdaq Composite fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD.

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