Alphabet Shares Fall More Than 12% After Third-Quarter Results

Alphabet shares fell more than 12% on October 29, 2026, per The Wall Street Journal, after third-quarter results showed revenue up 25% to $127.6 billion. Reuters reported the Nasdaq fell over 1% as the results rekindled worries about AI costs. CNBC reported the drop put the stock on course for its largest post-earnings decline on record.