U.S. Stock Market Moves | Third Quarter Revenue and Profit Both Fall Short of Market Expectations, Google (GOOGL.US) Opens Down More Than 12%

智通财经APP reports that on Thursday, Google (GOOGL.US) opened sharply lower, with a decline of over 12% as of press time, resulting in a market value evaporation of more than $400 billion and falling back to $3.5 trillion. In terms of news, Google’s parent company Alphabet released its third quarter 2026 financial report, with both revenue and profit falling short of market expectations, and for the second consecutive quarter, free cash flow was negative. The strong expansion of the cloud business is unable to offset the weakness in search advertising and the continued deterioration of free cash flow. The market’s doubts about whether massive AI capital investments can translate into substantial returns have surged abruptly.