Alphabet Shares Fall More Than 10%, Weighing on Nasdaq
Alphabet shares fell more than 10% Thursday after quarterly earnings missed Wall Street expectations, renewing concerns about returns on AI spending. The Nasdaq 100 fell about 1.3% in the morning and the S&P 500 declined 0.5%.
Alphabet NASDAQ:GOOGL shares plunged more than 10% Thursday, dragging Nasdaq lower after the company's quarterly earnings missed Wall Street expectations and renewed concerns about returns on artificial intelligence spending.Nasdaq 100 fell about 1.3% in the morning, while S&P 500 declined 0.5%. Th…