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News  ›  The Motley Fool

Over the Last 4 Quarters, Google Parent Alphabet Dumped Its Stake in CrowdStrike and Piled Into This Supercharged Space Stock Instead

The Motley Fool Logo The Motley Fool By Bram Berkowitz
Over the Last 4 Quarters, Google Parent Alphabet Dumped Its Stake in CrowdStrike and Piled Into This Supercharged Space Stock Instead

Alphabet has sold its stake in CrowdStrike and invested in AST SpaceMobile, a satellite broadband company aiming to provide global 5G connectivity, reflecting a strategic pivot in its investment portfolio.

Insights
GOOGL   positive

Surged 4% and marked its seventh consecutive month of gains with a 63% advance over four months


CRWD   negative

Experienced growing losses, major tech outage, lackluster forward guidance, and trading at high valuation (140x forward earnings)