Back to News
Market Impact: 0.55
Shares in Google owner Alphabet plummet on profit miss, ad slowdown
Source: techxplore.com
Corporate EarningsArtificial IntelligenceCompany Fundamentals
Alphabet shares fell more than 10% in after-hours trading after the company reported lower-than-expected profit and a slowdown in advertising. The company maintained substantial AI spending, adding to investor concerns over spending amid weaker advertising performance.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
moderately negative
Sentiment Score
-0.60
Ticker Sentiment
GOOG-0.75
More News
- Stocks slump, bonds leap as AI giants’ spending spooks investors
- Alphabet Erases $500 Billion as ChatGPT, Google AI Cut into Search
- Alphabet’s stock has worst day in over 20 years, dragging the S&P 500 to first loss in four days
- Asia stocks tumble as AI spending concerns deepen; BOJ holds rates
- Alphabet just had its worst day as a public company. BofA now values Google search at a lower multiple than fossil fuel stocks
- Intel plunges on a major guidance miss. What went wrong — and how to proceed