Geopolitics Alpha

Why Alphabet’s stock could see its worst day ever after the latest results

Published . Updated .

GEOPOLITICS ALPHAWhy Alphabet’s stock could see itsworst day ever after the latestresultsGOOGLGEOPOLITICS ALPHA

A doubling of cloud revenue wasn’t enough to appease Wall Street as investors grew more concerned that AI is hurting the company’s ability to make money off search queries.

Directly affected

  • GOOGL Alphabet-6.3% 30d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Alphabet belongs to, so it often moves with news about it.

  • META Meta Platforms-10.2% 30d

    Meta Platforms is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • APP AppLovin-15.4% 19d

    AppLovin is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • BSP Bending Spoons S.p.A

    Bending Spoons S.p.A is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • ZM Zoom Communications+5.2% 17d

    Zoom Communications is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • FLUT Flutter Entertainment-21.9% 17d

    Flutter Entertainment is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GOOGLNo price data for this ticker———————
XLKNo price data for this ticker———————
METANo price data for this ticker———————
APPNo price data for this ticker———————
BSPNo price data for this ticker———————
ZMNo price data for this ticker———————
FLUTNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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A doubling of cloud revenue wasn’t enough to appease Wall Street as investors grew more concerned that AI is hurting the company’s ability to make money off search queries.

Source: MarketWatch

Trades by members of Congress and officials in the stocks in this story

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This story

12 out of 100

“Why Alphabet’s stock could see its worst day ever after the latest results” scores 12 out of 100. The score uses 1 sources.