The US stock market of Google's parent company Alphabet opened sharply and has now extended the decline to 13%, the biggest one-day decline in its history, at 283 US dollars. The market value decreased by more than 500 billion US dollars from the closing of the previous trading day. The company's third-quarter revenue was US$127.58 billion, up 25% year over year, below market expectations of US$127.91 billion; adjusted earnings per share were US$2.67, lower than the forecast of US$2.97. Google Cloud's revenue increased 103% year over year to US$30.71 billion, but core advertising business performance fell short of expectations, and free cash flow recorded a net outflow of US$9.07 billion. The market is concerned that as AI investment continues to rise, search ad growth will slow down or further increase pressure on profits and cash flow.

The US stock market of Google's parent company Alphabet opened sharply and has now extended the decline to 13%, the biggest one-day decline in its history, at 283 US dollars. The market value decreased by more than 500 billion US dollars from the closing of the previous trading day. The company's third-quarter revenue was US$127.58 billion, up 25% year over year, below market expectations of US$127.91 billion; adjusted earnings per share were US$2.67, lower than the forecast of US$2.97. Google Cloud's revenue increased 103% year over year to US$30.71 billion, but core advertising business performance fell short of expectations, and free cash flow recorded a net outflow of US$9.07 billion. The market is concerned that as AI investment continues to rise, search ad growth will slow down or further increase pressure on profits and cash flow.