Alphabet Stock Falls Over 12% After Quarterly Results

Alphabet shares fell more than 12% on October 29, 2026, according to The Wall Street Journal. Third-quarter revenue, meaning sales, rose 25% to $127.6 billion. Reuters reported the Nasdaq, an index of big tech stocks, fell over 1% as results revived worries about AI costs. CNBC said it was on track for its biggest drop after earnings on record.