Alphabet reports Oct 28 night with a $200B capex bill. Will GOOGL close higher on Oct 29 than Oct 28?
64% of users predicted YES — the community missed this one. 11 predictions cast.
Alphabet shares closed lower on Oct. 29, 2026, than they had on Oct. 28, falling as much as 10-13% in what CNBC described as the stock's worst single-day drop on record, erasing roughly $500 billion in market value. The decline came after Alphabet reported third-quarter earnings after the market closed on Oct. 28, disclosing capital-expenditure plans in the neighborhood of $200 billion for AI infrastructure that unnerved investors already wary of heavy AI spending across the technology sector.
The selloff dragged the broader market down with it: the Nasdaq Composite fell about 1.4% on Oct. 29 as Alphabet's results reignited concerns about returns on AI investment that had already rattled markets earlier in October. The reaction stood in contrast to Microsoft's results, also released Oct. 28, which beat estimates on the strength of 48% Azure growth and were well received by investors, limiting the damage to the broader tech sector that day.
The community got this wrong: 64% expected Alphabet shares to close higher on Oct. 29 than on Oct. 28, but the stock instead posted one of its steepest declines in company history following the earnings report.