Alphabet’s shares drop after the company reports third-quarter results that fall short of Wall Street expectations for profit and/or revenue, with investors focusing on how the company balances heavy artificial intelligence spending and its core businesses. Semafor reports the stock falls about 7% after the earnings miss and notes AI spending rises past $50 billion in the third quarter.
Several outlets emphasise the earnings disappointment and the market’s concern about whether Alphabet can protect its search business as AI changes how people find information. Bloomberg and the Winnipeg Free Press foreground the sales and profit misses. The Independent also highlights strong underlying revenue growth but says results still come in below Wall Street forecasts. The New York Times adds that revenue growth rises 25% while profit falls, linking the profit decline to how the value of investments changes.
