Alphabet shares slip below 200-day average ahead of third-quarter results
Alphabet stock fell below its 200-day moving average by the widest margin in 17 months. AI spending worries are weighing on the shares.
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what happened
Alphabet (GOOGL) shares dropped below their 200-day moving average by the widest margin in 17 months, according to Binance, which cited BeInCrypto. A weekly chart pattern points to $221, roughly 30% under the current price.
Analysts expect third-quarter revenue of $127.9 billion and Google Cloud sales of $29.15 billion. Meanwhile, 2026 capital spending guidance stands at $195 billion to $205 billion, and free cash flow has turned negative for the first time since the 2004 IPO.
why it matters
The shares trade near $317 ahead of Wednesday's report, and worries about AI spending are holding the stock back. The average analyst target is $433, but options pricing implies a move of about 6% either way by Friday, reflecting high uncertainty around the release.
market impact
Alphabet and US tech: AI spending worries and pre-earnings uncertainty pressure the shares
- GOOGL mixed — AI spending worries and negative free cash flow weigh, while expectations for strong results support the stock
tags
instruments
sources
- Alphabet Stock Breaks Down Ahead of Q3 Earnings, With 30% Downside Target — Binance, 27 October 2026 at 15:32 UTC
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