In pre-market trading, Google's parent company Alphabet fell 10%.
BlockBeats news, October 29th, before the US stock market opened, Google's parent company Alphabet fell 10%, following quarterly revenue that missed expectations and increased cash burn.
Given the uncertain ROI, energy and regulatory constraints, and pressure on free cash flow, Alphabet's decision to either increase or slow down capital expenditure could potentially have a negative impact on its stock price and the overall US AI sector.