The Direxion Daily GOOGL Bull 1.5X Shares ETF (GGLL) closed on February 4th at $53.30, up 4.94%, but saw a significant after-market drop of 13.85% as Alphabet Inc.'s earnings report revealed mixed results. Alphabet's fourth-quarter earnings exceeded expectations with a profit of $2.15 per share, surpassing the anticipated $2.13, and revenue rose 11.8% to $96.469 billion. However, the disappointment came from Google Cloud, which reported $11.96 billion in revenue, missing analyst estimates of $12.19 billion. This shortfall raised concerns about Alphabet's competitive position in the cloud market, especially as AI companies may be opting for Microsoft or AWS for their cloud needs. Additionally, Alphabet's removal of its pledge not to use AI for weapons or surveillance added to investor unease. The announcement of a Chinese antitrust probe into Google further complicated the outlook, as it could lead to legal challenges and impact its political relations.