Alphabet's Q3 revenue of $127.58 billion falls short of expectations

Alphabet reported Q3 revenue of $127.58 billion, missing analyst expectations, with earnings also falling short of market forecasts, according to Seeking Alpha. Google Cloud revenue more than doubled year-over-year, but search advertising underperformed expectations, and rising AI-related spending weighed on investor sentiment. The miss marks a rare stumble for the search giant as it balances aggressive AI investment against softer ad demand. Investors will be watching whether Google Cloud's growth momentum can offset continued weakness in the core advertising business and how management plans to manage escalating AI expenditure in upcoming quarters.