Alphabet shares plunge over 10% as Google's AI search struggles to make money
Summary
Alphabet reported quarterly revenue of $127.6 billion, up 25% year over year, but earnings of $2.12 per share missed expectations of around $3.01. Its net income fell to $26.2 billion, though an $8.7 billion loss on equity investments contributed to the decline.
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Alphabet shares plunge over 10% as Google's AI search struggles to make money
Alphabet reported quarterly revenue of $127.6 billion, up 25% year over year, but earnings of $2.12 per share missed expectations of around $3.01. Its net income fell to $26.2 billion, though an $8.7 billion loss on equity investments contributed to the decline.
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