Is Google's stock running out of gas?

Competition and regulatory pressures coupled with doubts about the $US12.5 billion Motorola Mobility acquisition has some investors spooked. But are their fears overblown?

Google Inc's shares have clung tenaciously near record highs after a three-month, 30 per cent rally fueled by rising optimism about internet advertising, but Wall Street fears it may be running out of steam.

Google stock has slipped from an all-time high of $774.38 and to break through that level, investors and analysts say it needs to run a gauntlet of risks that could undermine its status as technology's second-most valuable company.


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