Alphabet (GOOGL) Stock: $281 on Day Two After the 12.6%…
By Tobi Opeyemi Amure
AI summary of the source article
Alphabet shares fell 12.64% to $283.82 and dropped further in premarket trading following third-quarter earnings. Despite revenue rising 25% to $127.58 billion, capital expenditures reached $51.36 billion, resulting in negative $9.07 billion in free cash flow.
Why it matters
After a single-session drop of this size, the next session usually tells you whether the move was a repricing or a capitulation. Friday's premarket quote says the selling has slowed but not reversed: the stock is about 1 percent lower again, and it is trading inside a wider AI-capex sell-off.
Key facts
- Alphabet shares dropped 12.64% on 29 October, losing approximately $500 billion in market value.
- Quarterly capital expenditures increased to $51.36 billion from $23.95 billion a year earlier, driving free cash flow to negative $9.07 billion.
- Revenue grew 25% to $127.58 billion, with Google Cloud rising 103% to $30.71 billion and Search growing 12% to $63.35 billion.
Source excerpt · FinanceFeeds
Updated 30 October 2026. Alphabet (GOOGL) Class A shares traded at $280.74 in premarket trading at 9:09 am ET on Friday, down 1.09 percent from Thursday's $283.82 close, which itself was 12.64 percent below Wednesday's $324.89 (StockAnalysis). CNBC called Thursday's fall the stock's worst day on record, ahead of the 11.63 percent drop of March 2020. Verdict: day two is about whether the selling st…