Alphabet Stock Plunges 10% as Search Ad Growth Slows Despite Rising AI Demand

Alphabet (NASDAQ: GOOGL) shares fell more than 10% to $291. 49 in pre-market trading Thursday after the Google parent reported weaker-than-expected third-quarter earnings, as slowing search advertising growth and heavy artificial intelligence spending overshadowed strong demand for its cloud services. Alphabet reported diluted earnings of $2.

12 per share for the quarter ended September 30, down from $2. 87 a year earlier. Visit Website