Alphabet shares soar on new details into YouTube, cloud growth
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SAN FRANCISCO (Reuters) - Alphabet Inc shares rose 9% after the company reported quarterly results that eased investors' concerns about the growth challenges facing its Google advertising business.Second-quarter revenue and earnings beat analysts' expectations, helping Alphabet dismiss a revenue miss in the first quarter as a blip. In addition, the company offered no worrisome guidance even as it faces increasing regulatory scrutiny.It announced a $25 billion (£20 billion) stock buyback..