• Most brokerages cut price targets a day after Alphabet’s earnings, citing pressure on margins, free cash flow and earnings from elevated AI spending.

• Some analysts also called the post-earnings selloff a buying opportunity, pointing to accelerating Cloud growth and long-term AI monetization.

• Stocktwits retail sentiment remained ‘extremely bullish,’ with 52% of more than 1,300 poll respondents saying they’re buying the post-earnings dip.

Alphabet (GOOGL, GOOG) shares fell nearly 8% on Thursday morning after a string of brokerages lowered their price targets following the company’s second-quarter earnings. The stock came under pressure despite Alphabet reporting better-than-expected earnings and…