Alphabet’s stock slides 12% on Thursday, wiping about $500 billion from its market value. The decline follows a 12% rise in Google Search revenue to $63.4 billion, below analysts’ 15% expectation, and a negative free cash flow of $9.1 billion in the third quarter, its second consecutive loss. Capital spending across the sector tops $740 billion this year, with Alphabet planning up to $205 billion in 2026 and higher spending in 2027.
Broadcom
3 stories since 29 October 2026, newest first
31 October 2026
30 October 2026
Intel shares fell 29.9% to $64.54 on 30 Oct 2026 after the chipmaker warned it would burn cash this year and issued a weak fourth-quarter forecast. Intel expects fourth-quarter revenue of $15 billion to $16 billion, while third-quarter revenue rose 21% to $16.51 billion from $13.7 billion a year earlier. Intel says an October explosion at its Israel fab will cut about $600 million in revenue over two quarters. Shares of Nvidia, AMD, Broadcom, Micron, Qualcomm and Arm also fell in trading after hours and premarket.
29 October 2026
SK hynix reported third-quarter operating profit of US$62.8bn, up 632% on the year, marking six straight quarters of record revenue and operating profit. Asian technology shares surged after the results, with investors citing renewed optimism about artificial intelligence demand. Separately, Anthropic reported first-half revenue growth of about 1,300% in its IPO filing, and Broadcom, Citi, Blackstone and Morgan Stanley announced a US$63bn financing structure for the company. Markets were also awaiting the Federal Reserve's policy decision.