Alphabet Sheds $665 Billion in October as Q3 Miss Exposes Search Slowdown
Updated
Updated · Yahoo Finance · Oct 29
Alphabet Sheds $665 Billion in October as Q3 Miss Exposes Search Slowdown
1 articles · Updated · Yahoo Finance · Oct 29
Summary
$665 billion in market value has been wiped from Alphabet this month, with the stock down 15.9% to a $3.52 trillion valuation through Oct. 29 after its Q3 report.
Q3 revenue rose 25% to $127.6 billion but missed expectations, while Google Search growth slowed to 12% from 17% and free cash flow turned negative $9.1 billion as capital spending hit $51.4 billion.
Nine brokerages cut price targets, citing slower Search advertising, weaker AI monetization and near-term margin pressure; KeyBanc warned of a one- to two-quarter stock "air pocket."
Some analysts still defended the longer-term case, arguing FX drove much of the Search slowdown and pointing to scaling AI ads, stronger Cloud growth and possible TPU upside.