Alphabet drags on Nasdaq futures as the stock faces a record post-earnings loss
- ID
- 40696
- Status
- summarized
- Published
- 29 Oct 2026, 7:41 PM
- Fetched
- 29 Oct 2026, 8:09 PM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/10/29/alphabet-nasdaq-futures-record-post-earnings-loss.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 5.0
- Created
- 29 Oct 2026, 8:11 PM
- Tags
- Audience
- saas_foundersdevelopersai_agent_users
What happened
Alphabet shares fell more than 10% in premarket trading after a quarter in which both EPS and revenue missed — the first double miss since Q4 2022 — with Search revenue missing forecasts for the second consecutive quarter. CNBC's newsletter frames the cause as AI chat and agents taking share from Google Search, and notes a lighter capex figure from Microsoft pushed neocloud stocks back into the red ahead of Amazon's earnings. If the drop exceeds 9.77% on the day it would be Alphabet's worst post-earnings reaction on record.
Why it matters
The concrete signal is a second straight Search revenue miss attributed to AI chat and agents — if a meaningful slice of your signups or traffic comes from Google, that is a slow erosion of a channel you may be budgeting growth against, so measure your Google-sourced share now rather than after it drops. Separately, Microsoft's lighter capex reading moved neoclouds down, which is worth watching if you are pricing GPU or inference capacity into a roadmap.
Discussion angle
How much of your acquisition or distribution actually depends on Google search, and what would you switch to if that channel halved over four quarters?