Alphabet (GOOGL) shares trade near $289 intraday on November 9 following a sharp post-earnings decline, with the stock down roughly 18% over the past month after Q3 2026 results showed revenue of $127.6 billion and adjusted EPS of $2.67, both missing consensus, alongside negative free cash flow of $9.1 billion tied to elevated AI infrastructure spending. Google Cloud revenue more than doubled year-over-year to $30.7 billion, yet advertising growth slowed and net income fell 25%. Traders appear focused on near-term margin pressure from capex, with full-year 2026 guidance held at $195–205 billion and expectations for a sharp increase in 2027. Today’s modest rebound occurs amid broader tech sentiment and no major scheduled catalysts before the close.
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