Alphabet shares tumble 7% as earnings miss overshadows cloud boom

What happened: Alphabet (NASDAQ: GOOG) shares fell 7% after third-quarter earnings per share missed Wall Street expectations, overshadowing revenue growth and a surge in Google Cloud. Key numbers: EPS $2.12 vs $3.02 consensus. Revenue up 25% to $127.6 billion. Google Cloud revenue up 103% to $30.7 billion. Why it matters: The results highlight tension for investors as Alphabet pours money into AI infrastructure: demand remains strong, particularly in cloud, but the scale of investment and volatility in non-operating income are complicating the earnings picture. Market: +1.6% today ($321.89), +2.2% YTD, 1.8x vol — as of 21:17 UTC

Alphabet (NASDAQ: GOOG) shares fell 7% after third-quarter earnings per share missed Wall Street expectations, overshadowing revenue growth and a surge in Google Cloud.

The results highlight tension for investors as Alphabet pours money into AI infrastructure: demand remains strong, particularly in cloud, but the scale of investment and volatility in non-operating income are complicating the earnings picture. Market: +1.6% today ($321.89), +2.2% YTD, 1.8x vol — as of 21:17 UTC