FCOM is trading at $65.42, down 2.32%, as Alphabet’s results raised concerns about weaker advertising and heavy AI investment.
- Alphabet shares fell roughly 10% in premarket trading following its results.
- Negative $9.07 billion free cash flow and plans for significantly higher 2027 spending added pressure, despite strong Google Cloud growth.
- Broader risk-off trading, lower Nasdaq futures, and investors awaiting inflation and GDP data may be amplifying the decline.