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The Marked Chart Wire · Business
HotAlphabet
Investors reacted negatively to Alphabet's quarterly results, which showed revenue below expectations. The miss is viewed as an early indicator that artificial intelligence is reducing demand for traditional search services.
Part of a series: Alphabet revenue miss and stock drop
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Alphabet
Eighteen of 21 firms lowered their price targets for Alphabet following its latest earnings report. The average target is now $392, compared with a share price of $324.89.
Alphabet Earnings
Investors grew concerned that AI is impacting search revenue, despite a doubling of cloud income. The market reaction suggests the results may not be enough to appease Wall Street.
Samsung Earnings
Samsung Electronics reported quarterly earnings nearly equal to the combined profits of Microsoft and Alphabet. The company provided an updated outlook for the memory chip market.
HotAlphabet
Alphabet stock dropped 10 percent in premarket trading after the company reported cash outflows exceeding analyst estimates. The firm kept its annual spending targets unchanged.
Alphabet
Alphabet shares declined following third-quarter results, reviving concerns about artificial intelligence spending. This move weighed on Nasdaq and S&P 500 futures while the Dow rose.
Alphabet
Nasdaq futures led market losses following Alphabet's earnings report, which failed to meet expectations.
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