Alphabet Shares Tumble 10% After Revenue and Profit Miss Estimates
Alphabet reported weakness in its core advertising and search businesses alongside AI development spending. Its third-quarter revenue and profit missed Wall Street expectations.
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Brent Tops $100, Alphabet, Tesla Sink Nasdaq 100: Stock Market Today
U.S. stocks extended their slide on Thursday as Brent crude vaulted above $100 a barrel and the 10-year Treasury yield climbed to an 18-month high, while concerns over Alphabet Inc.’s (NASDAQ: GOOGL ) rising AI capital expenditures overshadowed an otherwise strong quarterly report and added to investor unease following