Has everyone forgotten that Google's recovery from the bottom was due to Gemini 3 exceeding expectations, and the current decline is because Gemini 3.5 Pro failed to meet expectations? Therefore, what the market cares about is not how much is invested, but whether the investment yields returns and enhances your future competitive advantage. In essence, this comes down to cloud growth and model capabilities. The cloud segment is currently performing very well, which is the foundation preventing a market crash in the stock price. Thus, for Google to reverse its trend, it still depends on whether the models are strong enough.