Alphabet Sinks 12.6% as Q3 Miss and AI Cash-Burn Fears Ignite Tech Selloff
GOOG is trading near its 52-week low of $268.43 (4.0% above the low) on elevated volume (5.1× avg).
Summary
Alphabet fell 12.64% after third-quarter revenue and adjusted EPS both missed expectations, with AI spending still climbing while results lagged. The stock is now trading near its 52-week low of $268.43, down sharply from a $404.47 high. The miss landed this morning when the company reported Q3 revenue of $127.6B, up 25% year over year, with Google Cloud at $30.71B (+103%) — the market's verdict came at the close, not the open. The damage spread: Fortinet and ServiceNow each dropped more than 20%, Marvell fell over 13%, and the Philadelphia Semiconductor Index snapped a four-session win streak with a 1.42% decline. The Nasdaq Composite closed down 1.38% at 26,184.72, with the S&P 500 off 0.30% and the Dow down 0.25%. The core question traders are pricing is whether the capex ramp — guidance was raised to $195–$205B in August from $180–$190B — can convert into profit, and this quarter did not answer it.
At the time of this announcement, GOOG was trading at $279.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.5T. The 52-week trading range was $268.43 to $404.47. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Bloomingbit.