You’re reading this on an Android phone or using the Chrome browser. Given the market dominance of the two platforms, it wouldn’t be surprising. These popular products are both owned by Alphabet Inc (NASDAQ: GOOG), which recently announced impressive financial results for the fourth quarter of the fiscal year ending December 31, 2024 (FY 2024). Fourth-quarter revenue increased 12% year over year to US$96.5 billion, while earnings per share (EPS) jumped by 31% to US$2.15 over the same period. Despite this strong performance, the market reacted negatively, and Alphabet’s stock price has fallen by approximately 10% since its earnings announcement. Two key concerns appear to be driving this reaction: lower-than-expected revenue growth in the Google Cloud segment, and the anticipated increases in depreciation and capital expenditure. This raises the question: Is the market’s concern warranted, or does this dip present an investment opportunity in this advertising giant? Let’s delve deeper into the two market concerns....