HeadlineShine

Google shares crash 13% after $9 billion cash burn sparks AI spending fears

Economic Times ·First reported
Economic TimesGoogle shares crash 13% after $9 billion cash burn sparks AI spending fears
Image: Economic Times

Alphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit fell 25% to $26.17 billion despite a 25% revenue jump to $127.58 billion. Negative free cash flow of $9.1 billion…

Summary from Economic Times

Read the full story on Economic Times
React

Trending now

Hindustan Times
Business4 sources·

IndiGo CEO says ‘no choice’ but to consider fare hikes as fuel costs surge
Economic Times
Business5 sources·

Karnataka hikes milk prices by Rs 8 per litre
Times of India
Sports4 sources·

WPL Could Get More Teams: BCCI Secretary Saikia Says Expansion Will Be Discussed
Economic Times
Business5 sources·

Alphabet shares drop 13.5%, set for biggest 1-day drop in over 20 years: Why is Google parent falling after Q3 results?

More business

See all →
NDTV
Business5 sources·

No UP Government Jobs For Those Seeking 'Violent Regime Change', Samajwadi Slams Order
Times of India
Business4 sources·

SC calls for mandatory compensation to digital fraud victims in case of banks' due diligence
The Hindu
Business2 sources·

B.R. Shetty seeks Bank of Baroda records, financial security in new applications
Times of India
Business6 sources·

In setback to BJP, Congress wins Nagpur MLC seat
NDTV Profit
Business3 sources·

Laurus Labs Q2 net profit surges on 33% rise in revenue
Economic Times
Business3 sources·

No Challan For Speeding Up To 144 Kmph On Indian Expressways? Here's What Gadkari Said

Top stories in India

See all →
The Hindu
Entertainment5 sources·

Rijiju slams Naseeruddin Shah's 'dimagi naxal' video
Times of India
Sports3 sources·

Mumbai Indians part ways with Malinga, two coaches
NDTV
Sports2 sources·

Ranji Trophy: Kotian’s career-best show fashions Mumbai’s thumping win
The Hindu
Business2 sources·

Maharashtra Orders Probe Into 9 MPSC Exams Over Alleged Paper Leaks, Malpractice; Sets Nov 16 Deadline
Times of India
3 sources·

IMD issues yellow alert for Delhi-NCR; rain, thunderstorms & hailstorms likely
Economic Times
Business5 sources·

Spain Train Crash: Two High-Speed Trains Collide In Toledo; Dozens Feared Dead