Google stock just wiped $138 billion despite massive revenue beat; Here's why

After Alphabet filed Q2 earnings, Google shares fell 3.31% from $342.09 to $330.76 in the July 22 after-hours session, wiping about $138 billion from Alphabet’s market cap. The immediate selloff suggests investors were cautious about the earnings read-through despite the filing.

Analysis

After Alphabet filed Q2 earnings, Google shares fell 3.31% from $342.09 to $330.76 in the July 22 after-hours session, wiping about $138 billion from Alphabet’s market cap. The immediate selloff suggests investors were cautious about the earnings read-through despite the filing.