Watch These Alphabet Price Levels as Stock Tumbles After Earnings Report
Key Takeaways
- Alphabet shares fell sharply Wednesday as investors responded to the Google parent’s weaker-than-expected revenue numbers and big AI spending plans.
- The stock broke out from an ascending channel late last month and picked up momentum ahead of the earnings report before today’s abrupt reversal.
- Investors should watch key support levels on Alphabet’s chart around $190, $180, $168, and $160, while also monitoring a key overhead area near $201.
Alphabet (GOOGL, GOOG) shares fell sharply Wednesday as weaker-than-expected cloud revenue overshadowed fourth-quarter earnings that came in ahead of analysts’ estimates.
The Google parent also said it anticipates investing about $75 billion in capital expenditures in 2025, with…
