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Alphabet shares plummet after cloud revenue falls short. What the pros say to do next

Chaim Potok by Chaim Potok
October 25, 2023
in Investing
Alphabet shares plummet after cloud revenue falls short. What the pros say to do next
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Market Movers rounded up the latest reactions to Alphabet from investors and analysts. The pros, including Jim Cramer , talked about the tech giant a day after the company reported third-quarter results that beat on both earnings and revenue. The Google parent company also posted sales growth of 11% in the most recent quarter. Despite the beats, Alphabet’s stock had its worst day since March 2020 and dropped 9.5% Wednesday after the company missed the Street’s cloud revenue estimates .

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