Alphabet shares fall 8% after earnings as AI spending guidance rises to $195B-$205B; Q3 capex jumps 114% to $51.4B

Alphabet shares fell 8% after its earnings report, despite revenue jumping 24% to $119.8B, as AI spending guidance rose to $195B-$205B. Q3 capital spending jumped 114% to $51.4B and free cash flow turned negative for a second straight quarter at -$9.1B, pressuring cash flow. Huge investment gains also inflated headline EPS.

Detected & updated continuously · Source: Nebula