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PropMarketCapFRESHCurrencies, commodities and indices

Alphabet shares on Nasdaq -10% after earnings: AI expenses ate cash flow

Alphabet (Google's parent company) reported for Q3 on the evening of October 28 at 23:00 Moscow time and lost 10% in the evening session. It wasn't revenue that let it down, but profit and cash: free cash flow went negative for the second quarter in a row.

PropMarketCapFRESHMacroeconomics and central banks

Evening of October 28: Fed meeting today at 21:00 and Microsoft and Alphabet earnings

Today the Fed announces its rate decision at 21:00 MSK, and after the US session closes Microsoft and Alphabet report - the first two of the companies whose AI infrastructure spending drives Nvidia's revenue. Heading into the event, the Nasdaq Composite stood at 26,477.81 points.