TradingKey – Alphabet Results Miss Expectations, Stock Plunges 10%, Facing a Life-or-Death Battle at $270 Technical Support

On October 28 ET, Alphabet (GOOG) reported third-quarter (Q3) FY2026 financial results with both revenue and profit missing expectations by a wide margin, triggering a sharp plunge of over 10% in overnight trading, breaching the $300 mark and falling to a low around $288.

The core reason behind the plunge in Alphabet’s stock price lies not in a slowdown in business growth, but in high AI capital expenditures (CapEx) eroding free cash flow, coupled with non-operating investment losses dragging earnings per share (EPS) significantly below Wall Street expectations. Among these, an unrealized loss of $8.2 billion on its…