Alphabet sold off following a lackluster third-quarter financial report, raising questions on Wall Street about what's next for the tech giant as the artificial intelligence revolution continues.
Alphabet reported a larger negative free cash flow than analysts had expected while maintaining its spending gudiance for the year.
US stocks opened lower on Thursday as Alphabet shares plunged following disappointing earnings that revived AI spending concerns. Meanwhile, Eli Lilly rallied after raising its guidance.
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
Alphabet faces a skeptical Wall Street as it prepares to report quarterly results.
The market's mini rally faces a key test after the bell when tech giants Alphabet and Microsoft report.
US stocks opened mixed as investors await the Federal Reserve rate decision and earnings from Microsoft and Alphabet, with semiconductor stocks rising.
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