Earnings$GOOGL4:45 PM ET

Stocks Fall as Alphabet Slide Dents AI Optimism; DoorDash to Buy Instacart, Amazon Misses

By BORSA NewsroomPublished Oct 29, 2026, 4:45 PM EDTUpdated Oct 29, 2026, 4:53 PM EDT

Alphabet's worst day ever erased $500 billion in market value after Google Services revenue missed estimates, dragging the Nasdaq and fueling AI cost concerns. DoorDash agreed to buy Instacart for $17 billion. Amazon missed top-line estimates despite strong AWS growth. Macro data showed solid GDP growth but sticky inflation.

Sentimentbearish 25

Bearish · 25 of 100

Impact80

high · market-wide

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Alphabet Google Services revenue $96.3B vs $98.5B consensus.