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Alphabet’s stock is having its worst day in a year after cloud revenue missed estimates
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Alphabet shares fell the most in a year on Wednesday after revenue in the company’s Google Cloud unit trailed analyst estimates.
The stock sank about close to 9% in mid-day trading to $126.51. It’s headed for its steepest drop since a 9.1% decline on Oct. 26, 2022, which followed an earnings miss.
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The stock sank about close to 9% in mid-day trading to $126.51. It’s headed for its steepest drop since a 9.1% decline on Oct. 26, 2022, which followed an earnings miss.
Get the short and sweet latest market news here in Short & Sweet
Follow us on Instagram: @market_news_short_sweet
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