Alphabet Misses Revenue Expectations – Weak Advertising Business Raises Concerns About AI Spending!

Alphabet misses revenue and profit expectations in the third quarter, particularly in the crucial search and advertising business. This fuels fears that Google is losing ground to AI rivals, as future AI commitments exceed the $1 trillion mark. The stock plummets by around 10%. Weakness in Core Business Alphabet reports a revenue of $111.2 billion for the third quarter, excluding partner payments, missing expectations; earnings per share dropped to $2.12, far below the expected approximately $3. Critically, advertising revenues from the search...