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Money Moves

Sundar Pichai: 'Strong Quarter.' Alphabet Shares: Down 12%

· updated · Satire

Newsbun graphic: the reported Alphabet figures ($24B, $51.4B, -$9.1B) on a chart; not a photograph.
AI-assisted · Newsbun graphic

The Take

Sundar Pichai on Alphabet's quarter: "We had a strong quarter." For the record: capital spending, $51.4 billion in three months, up from $24 billion a year ago. Free cash flow: minus $9.1 billion. Alphabet on 2027 spending: it will "increase significantly". The shares, the next day: down more than 12%.

The Wire

Alphabet shares fell more than 12% on 29 October after its third-quarter results showed $51.4 billion of capital spending mostly for AI, and negative free cash flow of $9.1 billion, The Motley Fool reported. Cloud revenue rose 103%.

Why it matters

Investors wiped out more than $280 billion of Alphabet's value in after-hours trading over how much it is spending on AI.

The receipts

Source: Fortune

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