Alphabet stock drops 10% after earnings, drags Nasdaq down — SkimNews
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- Alphabet fell 10% in premarket trading, putting it on track for its largest post-earnings drop in history, according to CNBC
- Nasdaq-100 futures dropped over 1% following Alphabet's earnings release, reflecting broad market concern tied to the tech giant's performance
- Google stock was heavily sold off after the earnings report, with Yahoo Finance citing two key reasons investors rejected the quarter's results
- Alphabet's earnings miss triggered a sharp risk-off move, with investors fleeing AI-exposed equities amid growing skepticism about sustained high spending in the sector
Why it matters: Alphabet’s 10% premarket drop — the steepest ever after earnings — signals a material shift in tech investor confidence, especially around AI spending sustainability. With Nasdaq-100 futures down over 1%, the sell-off extends beyond one company, revealing heightened sensitivity to growth shortfalls in high-multiple stocks.
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