Alphabet shares fall more than 7% on revenue miss, AI investment boost

Alphabet shares fall more than 7% on revenue miss, AI investment boost

CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022.

Mateusz Wlodarczyk | Nurphoto | Getty Images

Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout.

The company topped earnings estimates by 2 cents per share. Revenues came in at $96.47 billion, behind the $96.56 billion expected by LSEG….

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https://www.cnbc.com/2025/02/05/alphabet-shares-fall-7percent-on-revenue-miss-heightened-ai-investments.html