“The cloud division’s importance is critical in driving AI services and applications,” said Jay Woods, chief global strategist for Freedom Capital Markets. “Investors were hoping to see more bang for their buck and were disappointed.”

China has announced a flurry of retaliatory measures against the U.S., including tariffs on imports of products such as coal, liquefied natural gas products and crude oil, as well as an antitrust probe into Google.

China said Tuesday it has launched an antitrust investigation into Google, part of a swift retaliation after the U.S. president Donald Trump imposed a 10% China has launched an antitrust investigation into Google after the U.