TradingKey – On July 22, Eastern Time, Google’s parent company Alphabet ( GOOGL) released its latest earnings report. According to the financial data, the company’s latest second-quarter earnings showed overall strong performance, with both revenue and cloud business beating market expectations. However, the stock price fell instead of rising after the announcement, dropping 3.31% in after-hours trading. This was primarily due to investor concerns over the continued rise in the company’s AI infrastructure capital expenditures, free cash flow turning negative, and the payback period of its AI investments.