Tokenized GOOGL Drops Nearly 12% Alongside After-Hours Stock Selloff

Why Alphabet’s stock could see its worst drop in years after the latest results

A doubling of cloud revenue wasn’t enough to appease Wall Street as investors grew more concerned that AI is hurting the company’s ability to make money off search queries.

Alphabet tokenized stock drops 9.5% after Q3 earnings miss

Alphabet’s tokenized GOOGL stock fell around 9.5% after the company missed Q3 earnings expectations. The results highlighted rising AI infrastructure costs, $9.1 billion in negative free cash flow, and strong Google Cloud growth.

Tokenized GOOGL Falls Nearly 12% as Alphabet Shares Slide After Hours

A Uniswap pool handled about $603,000 over five minutes as Alphabet-linked tokens repriced.

Tokenized GOOGL Drops Nearly 12% Alongside After-Hours Stock Selloff

A Uniswap pool handled about $603,000 in five minutes as Alphabet-linked tokens repriced. The underlying shares also traded sharply lower after the regular close.