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Alphabet’s massive profit growth is ‘illusory’, as SpaceX and Anthropic help mask a historic cash drain

Earnings quadrupled on paper, but an analyst says that performance was propped up by unrealized gains from equity investments.

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Alphabet’s massive profit growth is ‘illusory’, as SpaceX and Anthropic help mask a historic cash drain

Earnings quadrupled on paper, but an analyst says that performance was propped up by unrealized gains from equity investments.

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