Samsung and Alphabet cast doubt on the AI rally at market open
US futures trade lower, weighed down by Alphabet, whose shares fall about 10% in premarket after reporting third-quarter sales, excluding partner payments, of $111.2 billion, below estimates. In Asia, Samsung fell 4.1% after disappointing with the absence of a new shareholder return plan and chip profits below estimates. Microsoft rises 3.7% in premarket on strong cloud sales and Oracle extends gains.
In 30 seconds
- Alphabet falls about 10% in premarket after sales of $111.2 billion, below estimates
- Search advertising revenue grew at its slowest pace in five quarters
- Samsung fell 4.1% on the lack of a new shareholder return plan and chips below estimates
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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