Google's financial report is actually very strong, but the stock price still fell. The reason is not complicated: the market is not looking at how much money it is making now, but how much money it will burn for AI in the future. Alphabet's Q2 revenue was approximately $119.8 billion, a year-on-year increase of 24%; Google Cloud's revenue was approximately $24.8 billion, a year-on-year increase of 82%. The search has not collapsed, the cloud business is still accelerating, and the book numbers are indeed beautiful. But what really makes the market hesitate is capital expenditure. The company has raised its annual capex guidance to $195-2025 billion, compared to $180-190 billion previously. Google's investment in AI is not coming to an end, but it still needs to accelerate the construction of data centers, purchase computing power, and stack chips. So the contradiction in this financial report is very clear: The company is still making a lot of money, but the AI winner is more expensive than the market imagines. More importantly, this expenditure will directly suppress free cash flow. The profit and loss statement looks good, but if money continues to be invested in AI infrastructure, the valuation will naturally be recalculated. I found an address on AiCoin where I directly bet millions of U on Google's rise before the financial report. Address: 0xC8b527864ef2AD6DC49de7e99943a3a76aD48891` He opened a long position on GOOGL/USDT, with a maximum position of approximately 38810 shares, a nominal value of approximately 13.56 million U, and an average opening price of approximately 349.28. The logic is straightforward: if the financial report data looks good, the stock price will continue to rise. The financial report did look good, but the market instead focused on the pressure of AI spending. GOOGL smashed all the way from around 350 to around 330. This address was eventually liquidated with an average closing price of approximately 330.29. According to the replay of on chain transactions, this GOOGL financial report has achieved a loss of approximately 737000 US dollars on multiple orders. This is the cruelest part of financial report trading: Just because you guessed the company's performance correctly doesn't mean you guessed the market reaction correctly. Google did not lose this time due to poor business, but rather due to the market's cautious pricing of AI costs. Previously, this type of financial report betting on price fluctuations mainly occurred in securities firms, options, and after hours trading. Now on Hyperliquid, you can directly see the cryptocurrency giant whale buying GOOGL/USDT perpetual with millions of U, betting before the financial report, recognizing losses after the report, and staying on the chain throughout the entire process. The US stock earnings season is no longer just a game for Wall Street. Source: AiCoin on chain smart money and AI analysis data Welcome to the AiCoin on chain smart money community, where giant whale alerts are released in real-time: https://t.me/AiCoinWhaleData Hyperliquid GOOGL Smart Money AiCoin US Stock RWA