Alphabet shares fell more than 12% to $285 after its third-quarter earnings report, wiping nearly $500 billion from the company’s market value, BlockBeats reported, citing CNBC.
Earnings pressure
Google Cloud revenue grew 103% year over year, but the report said investors focused on earnings per share below expectations and negative free cash flow as Alphabet continues investing in AI infrastructure.
Analyst sees a limited rebound
CNBC commentator Mike Khouw said Alphabet’s core business remained intact, but concentrated downgrades to ratings, price targets and earnings forecasts could restrain a rapid recovery. He also said the post-earnings gap-down weakened the technical setup. The report placed the stock’s RSI in the low 20s and said its MACD sell signal had strengthened.
Range-trading strategy carries risks
With the shares near a reported 52-week low of $270.70 and in extremely oversold conditions, Khouw said further declines could be limited. He proposed a short-strangle options strategy for expected range-bound trading, while warning that continued broad-market selling or an unexpected positive catalyst could undermine the trade.
These figures and views are reported by BlockBeats from CNBC and are not a guarantee of Alphabet’s future price. Source: BlockBeats English flash, published October 31, 2026.