Google Cloud's backlog just crossed $500 billion while free cash flow turned negative for the first time ever, and Wednesday's earnings report will reveal whether Alphabet's historic spending spree is pulling ahead of its own ability to pay for it.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction, NASDAQ:GOOG) reports third-quarter results after the close on Wednesday, October 28. Google Cloud’s backlog stands at $514 billion, and 2026 CapEx guidance runs $195 billion to $205 billion. This report shows which one is growing faster.
Record Cloud Growth Meets Negative Free Cash Flow
Last quarter, revenue rose 24.2% to $119.80 billion, ahead of the $116.91 billion consensus. Google Cloud led again. Revenue there rose 82% to $24.77 billion, speeding up from 63% in Q1 and 34% a year ago, while Cloud operating margin expanded to 35.6% from 20.7%.
Costs grew just as fast. CapEx rose 100% to $44.92 billion, free cash flow came in at negative $5.86 billion — the first time ever — and management raised its 2026 CapEx range from $180 billion to $190 billion. To pay for it, Alphabet raised about $70 billion in equity and debt and suspended buybacks.
Reported EPS of $9.11 included a $99.03 billion equity securities gain, yet shares fell 6.89% on the day of the report. GOOG closed Friday at $317.28, down 5.83% over the past week.
Consensus Calls for Nearly 25% Revenue Growth
Metric
Consensus
Prior-Year Actual
YoY Growth
Q3 2026 Normalized EPS
$3.0047
$2.87
4.69%
Q3 2026 Revenue
$127.85B
$102.35B
24.92%
FY2026 EPS
$20.595
$10.81
90.52%
FY2026 Revenue
$500.15B
$402.84B
24.15%
The full-year EPS figure includes the first half’s equity gains, which makes the quarterly estimate the cleaner gauge of operating profit.
Backlog Conversion and Margins Will Set the Tone
My first focus will be the backlog. It rose by more than $50 billion sequentially last quarter, and management expects to recognize just over 50% of it within 24 months. Sundar Pichai said in July, “We are still in a supply-constrained environment.”
Margins come next. Alphabet planned to lean on third-party capacity in Q3 as a bridge, which management said would create “modest margin pressure,” on top of Wiz integration costs and rising depreciation. You should compare Cloud margin against 35.6% and consolidated operating margin against 34%.
On spending, any change to the 2026 range matters, as does early color on 2027, when management expects CapEx to “increase significantly.” TPU system sales add another variable. That revenue ramps as Alphabet leaves 2026, with the “vast majority” arriving in 2027.
All that CapEx has to be powered, cooled, and connected by somebody, which is the entire point of a free report we put together on seven AI infrastructure suppliers that aren’t the chipmakers: you can grab it here.
Search still has to fund the expansion. Revenue there grew 17% to $63.3 billion, and AI Mode passed 1 billion monthly users. A court has already rejected a forced breakup of Google’s ad-tech business, so any detail on the remaining behavioral remedies could also move opinion.
A $514 Billion Backlog Has to Turn Into Cash
Alphabet beat estimates in all 8 of its last reports. Even so, the stock’s moves on report day ranged from a 9.97% gain to a 6.89% drop, and the market now cares most about how efficiently that capital gets spent. If the backlog turns into revenue fast enough to steady free cash flow while CapEx keeps rising, the spending case gets easier to defend heading into a greater 2027.
Contact [email protected] for any questions or corrections.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Alphabet To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Alphabet between May 19, 2026 and July 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 24, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Alphabet Inc. (""Alphabet" or the "Company") (NASDAQ: GOOGL) and reminds investors of the November 30, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Gemini 3.5 Pro was delivering disappointing training results; (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On July 16, 2026, Bloomberg reported that Google is "months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model" due to the Company's ongoing coding efforts. On this news, Alphabet's Class A common stock price fell $16.46, or 4.4%, to close at $354.46 per share on July 16, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Alphabet's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Alphabet class action, go to www.faruqilaw.com/GOOGL or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Alphabet Securities Class Action Lawsuit:
What is the Alphabet securities fraud lawsuit about?
Faruqi & Faruqi, LLP has filed a securities class action lawsuit against Alphabet Inc. (NASDAQ: GOOGL) on behalf of investors who purchased Alphabet securities during the Class Period. The lawsuit alleges that Alphabet and certain of its officers made materially misleading statements or omissions regarding the Company's business, operations, and prospects. Specifically, the complaint alleges that Alphabet's Gemini 3.5 Pro model was delivering disappointing training results and that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed. The lawsuit further alleges that these undisclosed problems were revealed on July 16, 2026, when Bloomberg reported that Google was allegedly months behind schedule in delivering Gemini 3.5 Pro due to ongoing coding efforts, causing Alphabet's Class A common stock to fall $16.46 per share, or approximately 4.4%, on unusually heavy trading volume.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Alphabet Inc. (NASDAQ: GOOGL) Class A common stock between May 19, 2026 and July 16, 2026, inclusive, may be eligible to participate in this securities class action lawsuit. The Class Period begins on May 19, 2026, and ends on July 16, 2026, the date on which the allegedly corrective information was disclosed and the stock price declined sharply. Eligible investors are not required to seek appointment as lead plaintiff in order to participate in the lawsuit or share in any potential recovery. Class members who do not take any action may still be included in the class and bound by any judgment or settlement, subject to the requirements of the applicable court order.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including making decisions regarding litigation strategy, the selection and oversight of counsel, and the approval of any settlement. Any investor who purchased Alphabet Class A common stock during the Class Period may move the court for appointment as lead plaintiff, but must do so no later than November 30, 2026. The lead plaintiff is typically the class member or group of members with the largest financial interest in the litigation who also satisfies the requirements of Federal Rule of Civil Procedure 23. Importantly, investors are not required to serve as lead plaintiff to share in any recovery that may be obtained; class members who take no action may still be eligible to participate in any settlement or judgment.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Alphabet securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320194
Source: Faruqi & Faruqi LLP
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Alphabet has been sued for securities fraud after its stock price fell 4% because Alphabet allegedly misrepresented the progress of development of its Gemini 3.5 Pro AI model.
New York, New York--(Newsfile Corp. - October 24, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and certain of the company's senior executives for securities fraud after a significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Alphabet, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/alphabet-class-action-lawsuit.
Key Details of the Alphabet ($GOOG, $GOOGL) Class Action:
Lead Plaintiff Deadline: December 1, 2026Alleged Misconduct: Securities fraud alleging Alphabet misrepresented the progress of development of its Gemini 3.5 Pro AI model.Stock Drop: July 16, 2026 – 4.4% Stock DropCourt: U.S. District Court for the Northern District of CaliforniaAction: Contact BFA Law to discuss your rightsInvestors have until December 1, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Alphabet securities. The class action is pending in the U.S. District Court for the Northern District of California. It is captioned Stewart v. Alphabet Inc., et al., No. 26-cv-11290.
Why is Alphabet Being Sued for Securities Fraud?
Alphabet has been sued for securities fraud following a significant stock drop resulting from alleged violations of the federal securities laws. The decline in Alphabet's stock price caused significant losses to investors.
Alphabet is a large technology company. Recently, Alphabet has made significant investments in its AI platform.
According to the complaint, on May 19, 2026, Alphabet announced that it would launch its highly anticipated new AI offering, Gemini 3.5 Pro, in June 2026.
As alleged, Defendants misrepresented the progress of development of Gemini 3.5 Pro.
Why did Alphabet's Stock Drop?
On July 16, 2026, during market hours, Bloomberg reported that Google is "months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model" due to the Company's ongoing coding efforts. Specifically, "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, the price of Alphabet's Class A shares dropped $16.46 per share, or 4.4%, from a closing price of $370.92 per share on July 15, 2026, to $354.46 per share on July 16, 2026.
Click here for more information: https://www.bfalaw.com/cases/alphabet-class-action-lawsuit.
What Can You Do?
If you invested in Alphabet, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360, and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
BFA's notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Google illegally demolished an estimated 250,000 trees in Finland to make way for a data center, leaving behind a lifeless mud wasteland that forced packs of wolves into a nearby town in search of food and infuriating locals, according to a report.
The tech super giant – continuing its expansion of the booming artificial intelligence industry – cleared 816 acres of woodlands in Northern Finland, The Guardian reported Thursday.
Google is accused of removing the trees and clearing the land before it had full approval — as Finnish law requires companies to complete a mandatory Environmental Impact Assessment before large-scale operations.
Finnish officials, outraged by the mass destruction, suspended all development at two of Google’s data center sites to assess the environmental impact.
An aerial view shows the site where a Google data center is set to be built in Muhos, Finland, on Sept. 29, 2026. AFP via Getty Images
The operation took place outside the rural town of Muhos — southeast of Finland’s fifth-largest city, Oulu — as devastating images of the aftermath captured the vast barren land filled only with tire tracks, muddy puddles and mounds of dirt.
The removal of the large area of trees destroyed the wildlife in the forest, leaving predators like wolves to search for food closer to human developments in the village of Otanmäki, 50 miles from the site.
“We had wolves coming into the village because all the wild animals moved out of the forest,” resident Anni Ranta told the Guardian.
“They fled. What worries me about the data centers is also the noise because this is hard rock soil. Even when we are standing here talking,” she added, comparing the sound to a drum.
Angry residents called out Google, asking for reprieve from the company to help repay for losses the community sustained from previous tech expansions on the land.
“It has been done in the wrong way. American style. No sense. No sense at all,” Muhos resident Antti Jakonen told the outlet, calling on the company to help restore the local salmon population that had been destroyed by hydropower years ago.
The removal of the trees led to water sources flowing near the site to turn brown and pollute the streams. AFP via Getty Images
The site earmarked for Google’s new data center is seen in Vaala, Finland on Sept. 29, 2026. AFP via Getty Images
Ranta revealed she feared the construction of the data centers would be a perfect target for Russian aggression in the already tense European domain.
“I don’t want them in Finland at all. I don’t like the whole idea of AI and the world changing and the way it’s changing. It’s going too fast, too soon.”
Google’s two sites near Muhos and Kajaani, roughly 90 miles apart, are part of its $15 billion investment for AI infrastructure in the Nordic country, which was announced in September.
The Finnish Licensing and Supervision Agency gave Google’s project subsidiary, Tuike Finland Oy, a deadline of Oct. 23 to suspend all operations
“In the opinion of the Finnish Licensing and Supervision Authority, extensive preparatory measures have already been taken in the project areas based on the currently available reports, such as the removal of trees, the stripping of topsoil, the construction of construction site roads and storage areas, changes to ditches and culverts, and stormwater arrangements,” Tommi Muilu, Head of the Environmental Department, said.
“In our opinion, the measures in question will change the environment and cause impacts, the identification and assessment of which are among the key objectives of the EIA procedure,” Muilu said.
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The removal of the trees led to water sources flowing near the site to turn brown and pollute the streams that feed the Oulujoki River.
Google’s Finnish top chief Antti Järvinen claimed the company believed it had legislative approval to commence the large-scale tree cutting.
Järvinen’s explanation was blasted as being “pure arrogance” from the trillion dollar Alphabet company.
“They bought the vast land area and they just started to cut it, just like that,” she said. “It’s pure arrogance and it’s amazing,” Finnish Association for Nature Conservation (SLL) chair Hanna Halmeenpää said, according to the Guardian.
Hanna Halmenpaa, chair of the board of the Finnish Association for Nature Conservation, is pictured near the site where Google’s new data center is set to be built before construction was suspended. AFP via Getty Images
Angry residents called out Google, asking for reprieve from the company to help repay for losses the community sustained from previous tech expansions on the land. AFP via Getty Images
Opponents of the data center believe Google had been rushing to construct the complex before legislation in Finland caught up on AI advancements to implement regulations.
Järvinen apologized for the destruction as the company said it would work to protect water sources before planting back trees around 321 of the acres.
“I wonder why we have to sacrifice so much of our nature. They give everything away too easily,” conservationist Vesa Hyyryläinen told the outlet.
In July, New York Gov. Kathy Hochul signed an executive order, banning all large-scale AI data centers from the state, the first such ban in the US.
The executive order paused new permits for so-called “hyperscale” data centers that looked to use the Empire State’s electrical grid for up to a year.
“I don’t want New York to just be first. I want New York to be first in the right way,” Hochul said at the time.
New York, New York--(Newsfile Corp. - October 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alphabet Inc. (NASDAQ: GOOGL, GOOG) between May 19, 2026 and July 16, 2026, inclusive (the "Class Period"), of the important December 1, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Alphabet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Alphabet Inc. class action, go to https://rosenlegal.com/cases/alphabet-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) the Gemini 3.5 Pro was delivering disappointing training results; (2) as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result of the foregoing, defendants' positive statements about Alphabet's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Alphabet Inc. class action, go to https://rosenlegal.com/cases/alphabet-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320778
Source: The Rosen Law Firm PA
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New York, New York--(Newsfile Corp. - October 23, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOGL) (NASDAQ: GOOG) on behalf of investors that purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Alphabet and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 1, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On July 16, 2026, according to the complaint, Bloomberg reported that Google is "months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model" due to the Company's ongoing coding efforts and that "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, the price of Alphabet's Class A and Class C common stock fell $16.46 per share and $16.39 per share, respectively, or 4.4%, on July 16, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose (1) that the Gemini 3.5 Pro was delivering disappointing training results, and (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Alphabet Inc. is rated Buy, driven by Gemini 4 Argon's integration, cost advantage, and unmatched distribution across billions of devices. GOOG's AI model is 'good enough,' undercuts competitors on cost by leveraging proprietary TPUs, and is now the default assistant for Android and Apple Siri. AI is boosting margins and revenue: Cloud growth accelerated to 82%, operating margin expanded, and subscriptions hit 350 million, all before Argon's impact.
Suit alleges Alphabet Inc. failed to disclose key facts to investors from May 19, 2026 through July 16, 2026; lead plaintiff deadline is December 1, 2026
, /PRNewswire/ -- The Law Offices of Howard G. Smith today reported that a securities class action lawsuit is pending against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOGL) on behalf of investors who acquired its securities from May 19, 2026 through July 16, 2026. The Alphabet Inc. case, Stewart v. Alphabet Inc. et al., was filed on October 2, 2026 in the U.S. District Court California Northern District (San Jose) (Case No. 5:26-cv-11290).
Investors with losses on Alphabet Inc. securities can contact the Law Offices of Howard G. Smith about the Alphabet Inc. lawsuit before the December 1, 2026 lead plaintiff deadline.
Key deadlines and dates for Alphabet Inc. investors
Lead plaintiff deadline: December 1, 2026 Class period: May 19, 2026 through July 16, 2026 Complaint filed: October 2, 2026 What happened?
On July 16, 2026, Bloomberg reported that Alphabet's Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model, due to the Company's ongoing coding efforts, and that "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, Alphabet's stock price fell $16.40, or 4.4%, to close at $353.81 per share on July 16, 2026, thereby injuring investors.
Then, on July 22, 2026, Alphabet released its second quarter 2026 financial results, announcing a significant expansion of expected full year 2026 capital expenditures to $195 billion to $205 billion, and disclosing a negative free cash flow of $5.9 billion for the quarter. The Company further disclosed that, given the supply-constrained environment, it planned to expand the use of third-party capacity in the third quarter as a bridging strategy, which would create modest margin pressure in the near term.
On this news, Alphabet's stock price fell $24.40 or 7.13%, to close at $317.69 on July 23, 2026, thereby injuring investors further.
What is the Alphabet Inc. lawsuit about?
The Alphabet Inc. securities lawsuit alleges that, between May 19, 2026 and July 16, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Alphabet Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) that the Gemini 3.5 Pro was delivering disappointing training results; (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result, defendants' positive statements about Alphabet Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"The lawsuit against Alphabet Inc. alleges that, among other things, the Company failed to tell investors that that the Gemini 3.5 Pro was delivering disappointing training results. Alphabet Inc. investors who bought during the class period may be able to pursue their losses, and the December 1, 2026 deadline is where that process begins," said Howard G. Smith of The Law Offices of Howard G. Smith.
Next steps for Alphabet Inc. investors
Alphabet Inc. investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims.
Lead plaintiff motions in the Alphabet Inc. class action are due to the Court by December 1, 2026. For more information, visit the firm's website, email [email protected], or call (215) 638-4847.
If you purchased Alphabet Inc. securities during the class period, you may retain counsel of your choice, or you may take no action and remain an absent class member. No class has been certified in the Alphabet Inc. case so far.
Common questions from Alphabet Inc. investors
Who is eligible? Investors who acquired Alphabet Inc. securities from May 19, 2026 through July 16, 2026 and suffered losses may qualify for the class in the Alphabet Inc. shareholder lawsuit.
What is the deadline? Lead plaintiff motions in the Alphabet Inc. case are due by December 1, 2026.
Can I recover without being lead plaintiff? Yes, Alphabet Inc. investors may take no action and remain absent class members.
Does it cost anything? The Law Offices of Howard G. Smith works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Related links
Alphabet Inc. case page, The Law Offices of Howard G. Smith Complaint: Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose) press release Alphabet Inc. SEC filings index, EDGAR The Law Offices of Howard G. Smith Contact
Howard G. Smith
The Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Email: [email protected]
Telephone: (215) 638-4847
www.howardsmithlaw.com
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
NEW YORK, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Alphabet Inc. (“Alphabet” or the “Company”) (NASDAQ: GOOGL, GOOG) on behalf of investors that purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026 (the “Class Period”).
CLICK HERE TO JOIN THE CASE
If you are an investor in Alphabet and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
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On July 16, 2026, according to the complaint, Bloomberg reported that Google is “months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model” due to the Company’s ongoing coding efforts and that “[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing.”
On this news, the price of Alphabet’s Class A and Class C common stock fell $16.46 per share and $16.39 per share, respectively, or 4.4%, on July 16, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose (1) that the Gemini 3.5 Pro was delivering disappointing training results, and (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed.
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In its upcoming report, Alphabet (GOOGL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.94 per share, reflecting an increase of 2.4% compared to the same period last year. Revenues are forecasted to be $111.64 billion, representing a year-over-year increase of 27.6%.
The current level reflects an upward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Alphabet metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Revenues- Google advertising' will reach $83.52 billion. The estimate indicates a year-over-year change of +12.6%.
Based on the collective assessment of analysts, 'Revenues- YouTube ads' should arrive at $11.34 billion. The estimate indicates a change of +10.6% from the prior-year quarter.
Analysts forecast 'Revenues- Google Cloud' to reach $29.16 billion. The estimate indicates a year-over-year change of +92.4%.
According to the collective judgment of analysts, 'Revenues- Google subscriptions, platforms, and devices' should come in at $14.85 billion. The estimate indicates a change of +15.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Google Search & other' will likely reach $64.99 billion. The estimate points to a change of +14.9% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Google Services total' will reach $98.42 billion. The estimate suggests a change of +13.1% year over year.
The consensus estimate for 'Revenues- EMEA' stands at $34.62 billion. The estimate points to a change of +15.7% from the year-ago quarter.
The average prediction of analysts places 'Revenues- United States' at $64.36 billion. The estimate suggests a change of +32% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Other Americas (Canada and Latin America)' of $7.15 billion. The estimate indicates a change of +17.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- APAC' reaching $22.01 billion. The estimate points to a change of +23.5% from the year-ago quarter.
Analysts expect 'Total TAC (traffic acquisition costs)' to come in at $16.53 billion. The estimate is in contrast to the year-ago figure of $14.88 billion.
Analysts predict that the 'Headcount (Number of employees)' will reach 200,611 . The estimate is in contrast to the year-ago figure of 190,167 .
View all Key Company Metrics for Alphabet here>>>
Over the past month, shares of Alphabet have returned -5.3% versus the Zacks S&P 500 composite's -1.2% change. Currently, GOOGL carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways Alphabet's Q3 revenues are projected to rise 27.63% to $111.64 billion, with earnings of $2.94 per share.Google Cloud growth, Search advertising strength and rising Gemini adoption are expected to boost Q3 results.Alphabet's AI expansion supports growth prospects, but premium valuation and rising costs pose challenges.
Alphabet (GOOGL - Free Report) is set to report third-quarter 2026 results on Oct. 28.
For third-quarter 2026, the Zacks Consensus Estimate for earnings is pegged at $2.94 per share, up by a penny over the past 30 days, and indicating 2.44% year-over-year growth.
The consensus mark for third-quarter revenues is pegged at $111.64 billion, implying growth of 27.63% from the year-ago quarter’s reported figure.
Alphabet has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in all the trailing four quarters, with the average surprise being 86.65%.
Consensus Estimate Trend
Image Source: Zacks Investment Research
Let’s see how things have shaped up for the upcoming announcement:
Cloud & Search to Aid GOOGL’s Q3 Top-Line GrowthAlphabet’s third-quarter 2026 results are expected to have benefited from accelerating Google Cloud adoption, supported by strong demand for AI infrastructure, enterprise AI solutions and core Google Cloud Platform (GCP) services. In the second quarter of 2026, cloud revenues surged 82% year over year to $24.77 billion, while cloud backlog reached $514 billion, increasing by more than $50 billion sequentially. Cloud revenues are also expected to have benefited from expanding customer relationships, rising consumption and demand for Google’s custom Tensor Processing Units (TPUs) systems.
Google Search & Other is expected to have remained a key revenue contributor in the third quarter, driven by increasing search activity, healthy advertiser spending and AI-powered advertising improvements. In the second quarter of 2026, Search & Other revenues increased 17% year over year to $63.27 billion, primarily supported by retail and financial services advertisers. AI Overviews and AI Mode have been driving incremental search queries, while AI Max and Performance Max are helping advertisers improve campaign effectiveness. However, GOOGL cautioned that third-quarter growth comparisons would become tougher as Alphabet laps the acceleration in Search performance that began in third-quarter 2025.
Alphabet’s third-quarter 2026 performance is likely to have benefited from growth in YouTube advertising, supported by direct-response campaigns, brand advertising, Shorts and connected television. YouTube advertising revenues increased 13% year over year to $11.06 billion in the second quarter of 2026, reflecting strength across direct-response and brand campaigns. AI-powered Demand Gen campaigns, creator partnerships and new advertising formats are improving advertisers’ ability to reach audiences across YouTube and Shorts. The growing popularity of connected television and increasingly effective shopping experiences are also expected to have supported advertising monetization.
Increasing adoption of Gemini across consumer and enterprise applications is expected to have supported Alphabet's third-quarter performance. In the second quarter of 2026, Gemini API usage reached approximately 22 billion tokens per minute, up from more than 16 billion in the preceding quarter. The Gemini application reached 950 million monthly active users, while more than 9 million developers were building with Google's models each month. Strong adoption of Gemini Enterprise, AI development tools and model APIs is creating additional monetization opportunities across Google Cloud, Workspace and other services.
However, higher depreciation, energy expenses, data center operating costs and AI-related hiring are expected to have pressured operating margins. GOOGL also anticipated modest near-term margin pressure from using third-party cloud capacity in the third quarter.
GOOGL Shares Lag Sector, Trades at a PremiumAlphabet’s shares have climbed 3.8% year to date (YTD), underperforming the broader Zacks Computer & Technology sector’s return of 18%. Alphabet shares have underperformed peers including Apple (AAPL - Free Report) , Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) over the same timeframe. Shares of Apple, Amazon and Microsoft have returned 28%, 8.6% and 7.8%, respectively, YTD.
GOOGL Stock’s Price Performance
Image Source: Zacks Investment Research
GOOGL shares are overvalued, as suggested by Value Score C.
Currently, GOOGL is trading at a premium, with a forward 12-month price/sales of 7.38X compared with the broader sector’s 5.72X and Amazon’s 2.91X. However, Alphabet shares trade at a discount compared with Microsoft’s 9.37X and Apple’s 9.70X.
GOOGL Shares Trade at a Premium
Image Source: Zacks Investment Research
GOOGL’s Prospects Ride AI Push & CloudAlphabet’s prospects are supported by its integrated AI portfolio spanning custom accelerators, Gemini models, data analytics, cybersecurity and enterprise applications. Google management has highlighted more than 17 product lines generating over $1 billion each in revenue. The company is gaining traction across enterprise AI infrastructure, BigQuery, Gemini Enterprise and Workspace, enabling opportunities to expand customer spending. Alphabet also highlighted that customers using Google’s AI products consume 1.8 times as many products as non-AI customers, indicating significant cross-selling potential.
Growing demand for AI training and inference represents a major long-term opportunity for Alphabet’s infrastructure business. The company's custom TPUs, Axion CPUs and NVIDIA GPU offerings provide customers with multiple computing options. Alphabet is also commercializing TPU systems through cloud subscriptions, direct hardware sales and neocloud partnerships.
Increasing enterprise adoption of agentic AI is expected to strengthen Alphabet’s long-term growth prospects. Gemini Enterprise enables organizations to build autonomous agents, analyze proprietary data, automate business processes and improve operational efficiency. Alphabet has stated that more than 90% of Fortune 100 companies have been using Gemini Enterprise, and the platform is gaining adoption across financial services, retail, insurance and other industries.
Buy GOOGL Ahead of Q3Alphabet’s third-quarter 2026 performance is expected to have benefited from robust Google Cloud demand, growing AI adoption, sustained Search advertising momentum and improving YouTube monetization. The company's expanding Cloud backlog, growing enterprise customer base and increasing adoption of Gemini-powered solutions are encouraging. Despite a premium valuation, Alphabet’s full-stack AI strategy, expanding TPU business, enterprise AI adoption and new advertising opportunities offer plenty of growth opportunities for investors.
Alphabet currently has a Zacks Rank #2 (Buy), suggesting that it may be wise to buy the stock ahead of third-quarter earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alphabet (NASDAQ: GOOGL) announced on October 22 that its Board of Directors had declared a quarterly Google dividend of $15.63 per share on each Series A and Series B mandatory convertible preferred stock.
Most AI companies rent their way past the chip, power, and data bottlenecks that define the race. One company owns all three, and a 7% price drop just made it cheaper to own a piece of that advantage.
NEW YORK, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Alphabet Inc. (NASDAQ:GOOG, GOOGL) and certain of the company’s senior executives for securities fraud after a significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Alphabet, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/alphabet-class-action-lawsuit.
Key Details of the Alphabet ($GOOG, $GOOGL) Class Action:
Lead Plaintiff Deadline: December 1, 2026Alleged Misconduct: Securities fraud alleging Alphabet misrepresented the progress of development of its Gemini 3.5 Pro AI model.Stock Drop: July 16, 2026 – 4.4% Stock DropCourt: U.S. District Court for the Northern District of CaliforniaAction: Contact BFA Law to discuss your rights Investors have until December 1, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Alphabet securities. The class action is pending in the U.S. District Court for the Northern District of California. It is captioned Stewart v. Alphabet Inc., et al., No. 26-cv-11290.
Why is Alphabet Being Sued for Securities Fraud?
Alphabet has been sued for securities fraud following a significant stock drop resulting from alleged violations of the federal securities laws. The decline in Alphabet’s stock price caused significant losses to investors.
Alphabet is a large technology company. Recently, Alphabet has made significant investments in its AI platform.
According to the complaint, on May 19, 2026, Alphabet announced that it would launch its highly anticipated new AI offering, Gemini 3.5 Pro, in June 2026.
As alleged, Defendants misrepresented the progress of development of Gemini 3.5 Pro.
Why did Alphabet’s Stock Drop?
On July 16, 2026, during market hours, Bloomberg reported that Google is “months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model” due to the Company’s ongoing coding efforts. Specifically, “[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing.”
On this news, the price of Alphabet’s Class A shares dropped $16.46 per share, or 4.4%, from a closing price of $370.92 per share on July 15, 2026, to $354.46 per share on July 16, 2026.
Click here for more information: https://www.bfalaw.com/cases/alphabet-class-action-lawsuit.
What Can You Do?
If you invested in Alphabet, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360, and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
BFA’s notable successes include a recovery of over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Alphabet To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Alphabet between May 19, 2026 and July 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - October 23, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Alphabet Inc. (""Alphabet" or the "Company") (NASDAQ: GOOGL) and reminds investors of the November 30, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Sundar Pichai says Google's researchers are using AI to help build the next AI models.
Hardik Chhabra/ The India Today Group via Getty Images
Google's AI models may be helping to build their successors, but CEO Sundar Pichai says the moment of fully self-improving AI is still a while away.
Speaking on an episode of the "Big Technology Podcast" this week, Pichai said that Google researchers were using AI agents to assist them when building models, but caveated that it was still early days.
"We are pretty far from the end state of RSI," said Pichai, referring to recursive self-improvement. "The right way to describe it is, you have RSI loops along with AI researchers in various aspects of model development. I would say you almost have agents helping AI researchers, in some automated way, work together to build these models."
Pichai added that he expected that continuum to keep making progress into next year.
Earlier this month, Google cofounder Sergey Brin said the company's Flash series of models, as well as Gemini 4, were demonstrating how AI was helping to build itself, and that Google was "starting to get onto that RSI treadmill."
"And now our researchers and the model work hand in hand to make the next version of the model," he said.
Brin has been increasingly involved in Google's Gemini efforts and has leveraged his power as cofounder to shift resources to projects he deems most effective, Business Insider previously reported. This has included pushing for more focus on RSI.
A report from the firm Gladstone AI, published earlier this month, said that most researchers interviewed from companies including Anthropic and DeepMind believed RSI will start within the next three to 12 months, and possibly sooner without government intervention.
In another moment on the "Big Technology Podcast," Pichai was asked about how much AI was being used to code internally. The company said in April that 75% of new code inside Google was generated by AI.
"That number in our world today is like meaningless in the sense that every part of code we now touch is influenced by AI deeply," Pichai said. With Gemini 4 Argon, he said, people were going to tackle harder problems. He also said Google was seeing a one-third decrease in code rollbacks, where software is reverted to a previous version because of a bug or system issue.
"And so I think people are writing code more productively, and better code with it," he said of AI tools.
Pichai also uses AI to track Google's model development and internal discussions, he told the "Sources" podcast this week.
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Your paycheck lands on Friday. You open your brokerage app to invest a slice of it, and the screen is red from top to bottom.
Your eye goes straight to the worst number. Maybe it's a stock you bought last year that's now down a third from what you paid, and it fell again today. It looks like a bargain. It's fallen farthest, so it seems to have the most room to bounce.
Plenty of investors are feeling that pull this month.
When Everything Looks Like a SaleThe Nasdaq-100 has dropped about 7% since its Oct. 6 peak. Artificial intelligence (AI)-linked companies carry so much weight in the major indexes that their slide is dragging down portfolios full of businesses that have never sold a chip. When nearly everything is down, every falling stock starts to look like a markdown.
The second of the six Rule Breakers Habits is built for weeks like this one:
Add up, don't double down.
Simple enough on paper. It gets harder when you're holding a big loss and fresh cash at the same time.
Why the Loser Pulls at YouDoubling down feels like repair work. Buy more shares of the loser and your average cost drops, so a smaller rebound gets you back to even.
But the company has no idea what you paid. The only question new money should ask is which business is more likely to be worth more five years from now. A stock that's down a third is telling you something. Either the market has misread the business or the business is cracking, and you don't yet know which. Doubling down bets fresh dollars that you're right on the very position where you've been wrong so far.
What a Winner Looks Like in a Bad MonthNow look at Alphabet (GOOG -3.08%)(GOOGL -3.15%). Rule Breakers recommended it in June 2022 at a split-adjusted $113.75. It has nearly tripled since, comfortably ahead of the S&P 500.
It's also down about 6% since Oct. 6, a little less than the Nasdaq-100. The business hasn't given investors an obvious reason for that drop. In its most recent quarter, revenue grew 24% to nearly $120 billion. Google Cloud, which rents computing power and AI tools to other companies, grew 82%. Customers have signed contracts worth $514 billion in future Cloud revenue, roughly five years of sales at the current pace.
Spending is the main risk. Management raised its plan for the year to as much as $205 billion, most of it for the data centers behind its AI. If demand cools, that spending gets hard to justify. Alphabet reports again on Oct. 28, so the next test is days away.
What You'd Have to BelieveTo pour new money into your laggard, you'd have to believe the market has misjudged it and that you're finally right. Try this test: Pretend you don't own it. Would you buy it today based on what the business is doing right now? If you'd buy it with confidence, that's a fresh decision. If you're hesitating, you're probably just trying to get your money back.
To add to a winner like Alphabet, you'd have to believe a business that's been working will keep working and that this month's slide says more about nervous traders than about the company. Most of the time, that second belief is the easier one to back up.
Your TakeWhich stock in your portfolio is tempting you most this month: the one that's fallen farthest or the one that's been proving you right? Tell us which way you're leaning and why.
New York, New York--(Newsfile Corp. - October 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) between May 19, 2026 and July 16, 2026, inclusive (the "Class Period"), of the important December 1, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Alphabet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Alphabet Inc. class action, go to https://rosenlegal.com/cases/alphabet-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) the Gemini 3.5 Pro was delivering disappointing training results; (2) as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result of the foregoing, defendants' positive statements about Alphabet's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Alphabet Inc. class action, go to https://rosenlegal.com/cases/alphabet-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320467
Source: The Rosen Law Firm PA
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Lawsuit alleges Alphabet Inc. made misleading statements to investors from May 19, 2026 to July 16, 2026; lead plaintiff motions are due December 1, 2026
, /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOGL) on behalf of investors who acquired the Company's securities from May 19, 2026 to July 16, 2026. Filed on October 2, 2026, the case is Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose), Case No. 5:26-cv-11290.
If you lost money on Alphabet Inc. securities, submit your Alphabet Inc. loss information by December 1, 2026 to learn about participating in the lawsuit.
Alphabet Inc. class action timeline
Class period begins: May 19, 2026Class period ends: July 16, 2026Complaint filed: October 2, 2026Lead plaintiff motion deadline: December 1, 2026What happened?
On July 16, 2026, Bloomberg reported that Alphabet's Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model, due to the Company's ongoing coding efforts, and that "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, Alphabet's stock price fell $16.40, or 4.4%, to close at $353.81 per share on July 16, 2026, thereby injuring investors.
Then, on July 22, 2026, Alphabet released its second quarter 2026 financial results, announcing a significant expansion of expected full year 2026 capital expenditures to $195 billion to $205 billion, and disclosing a negative free cash flow of $5.9 billion for the quarter. The Company further disclosed that, given the supply-constrained environment, it planned to expand the use of third-party capacity in the third quarter as a bridging strategy, which would create modest margin pressure in the near term.
On this news, Alphabet's stock price fell $24.40 or 7.13%, to close at $317.69 on July 23, 2026, thereby injuring investors further.
What is the Alphabet Inc. lawsuit about?
The Alphabet Inc. securities lawsuit alleges that, between May 19, 2026 and July 16, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Alphabet Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) that the Gemini 3.5 Pro was delivering disappointing training results; (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result, defendants' positive statements about Alphabet Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"According to the complaint filed against Alphabet Inc., the Company, among other things, did not disclose that that the Gemini 3.5 Pro was delivering disappointing training results. The December 1, 2026 deadline is a key date for Alphabet Inc. investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Alphabet Inc. investors do now?
The Law Offices of Frank R. Cruz can help Alphabet Inc. investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the Alphabet Inc. class action must file a motion with the Court by December 1, 2026. For more information, visit the Alphabet Inc. case page, email [email protected], or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. Alphabet Inc. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Alphabet Inc. case.
Questions and answers about the Alphabet Inc. lawsuit
Who is eligible? Investors who bought Alphabet Inc. securities between May 19, 2026 and July 16, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 1, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Alphabet Inc. class action.
Must I be lead plaintiff to share in a recovery? No, Alphabet Inc. investors can take no action and remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
Alphabet Inc. case page, The Law Offices of Frank R. CruzComplaint: Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose)press releaseAlphabet Inc. SEC filings index, EDGARThe Law Offices of Frank R. CruzFollow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
Former Berkshire Hathaway (BRKA +1.22%) (BRKB +1.49%) CEO Warren Buffett made several incredible investments. However, he was also noteworthy for letting some obvious ones get away.
One of those was Alphabet (GOOG -3.08%) (GOOGL -3.15%), which he regretted not buying sooner. However, he remedied that mistake by purchasing shares not long before leaving his role. Current CEO Greg Abel has kept purchasing Alphabet shares, showing that he's also bullish on the stock.
Another stock that Buffett identified as a major value opportunity right away was Apple (AAPL +1.23%) in the mid-2010s. This turned out to be one of Buffett's best investments ever, and while Berkshire has sold off the number of Apple shares it owns compared to its peak holdings, it's still the largest position in its portfolio.
The question is, between the two, which one is the better buy now? I think it's Alphabet, but the answer to that question may depend on whether you're bullish on AI or not.
Image source: The Motley Fool.
Alphabet is going all-in on AI Alphabet and Apple are taking two distinct approaches to the emerging AI landscape. Alphabet is going all-in on AI, and plans to spend about $200 billion on data center capital expenditures this year. The uses for these data centers range from being rented out via its cloud computing unit (a very profitable endeavor) to being used for compute capacity for its Gemini platform (not profitable right now). Regardless, Alphabet has positioned itself as an AI-first investment, but there are those who may be a bit wary regarding Alphabet's all-in position on an emerging technology.
GOOGL Alphabet$324.22-$10.54 (-3.15%)
NASDAQ · As of 4:00 PM ET 10/22/26
Apple is taking the complete opposite approach. Instead of rapidly increasing its AI computing power, it's choosing to deploy Google's Gemini model on its devices, cutting development costs substantially. While it will have to pay to utilize Gemini, the cost to develop a new model may have been far higher in infrastructure and research and development (R&D) expenses. Furthermore, the AI features that Apple has rolled out are lackluster to some, although the revamped Siri AI is receiving positive reviews. Apple still has a long way to go before AI is a top product, and it could lose market share in the smartphone market to some Android phones that are pioneering this technology.
AAPL Apple$348.22+$4.23 (+1.23%)
NASDAQ · As of 4:00 PM ET 10/22/26
We'll see what happens, but whether you're bullish on AI or not may decide which stock you prefer. Regardless, here are other concrete factors we can look at to determine which stock makes more sense from a valuation standpoint.
Apple's stock has gotten expensive It's no secret that Apple has long been one of the most expensive big tech stocks out there. It just entered its new fiscal year and trades at an impressive 36 times fiscal 2027 earnings (ending about Sept. 30).
AAPL PE Ratio (Forward) data by YCharts
This is by far its most expensive valuation over the past few years, and could be an issue for future returns. If we assess Alphabet's stock from fiscal 2027's earnings projections, it is far cheaper.
GOOG PE Ratio (Forward 1y) data by YCharts
Alphabet trades for a mere 22 times next year's earnings, making it far cheaper. While Alphabet is one quarter behind Apple's results, which skews this figure in Alphabet's favor a little bit, it's still noteworthy enough that Alphabet is about two-thirds the price of Apple when that offset is accounted for.
Apple may be the more cash-conservative business, which Buffett would have loved; Alphabet is the cheaper stock. At the end of the day, I think Alphabet's lower stock price, combined with the major upside AI presents, makes it the better buy. Apple stock is expensive, and I might miss out on one of the most impressive technological shifts experienced in several decades. It just isn't as attractive to me, and I think there's a reason why Berkshire has been buying Alphabet stock recently and not Apple.
Alphabet's (GOOG -3.08%) (GOOGL -3.15%) Google is one of the world's largest cloud infrastructure companies, yet it just started paying SpaceX (SPCX -9.14%) $920 million per month -- or $11 billion per year -- to lease xAI's cloud infrastructure through 2029. Let's see why Google is renting that cloud compute from SpaceX rather than building more data centers -- and how that unusual deal could expose it to some unpredictable concentration risks in the future.
Why does Google need SpaceX's data centers? Google controlled 15% of the global cloud infrastructure market in the second quarter of 2026, according to Synergy Research Group, putting it in third place after Amazon (AMZN -4.57%) Web Services (AWS) (28%) and Microsoft (MSFT -2.23%) Azure (20%).
Image source: Getty Images.
From 2021 to 2025, Google Cloud's annual revenue more than tripled from $19.2 billion to $58.7 billion as the cloud and AI markets expanded, and Google seems like a great vertically integrated play on those secular trends. The tech titan builds its own data centers, produces its own custom AI chips, and hosts a broad range of market-leading cloud-based services and apps. It also ties all of those pieces together with Gemini and its other AI models.
But over the past few years, Google couldn't expand that infrastructure fast enough to keep pace with the AI market's explosive growth. It produced enough of its custom tensor processing units (TPUs) for its own first-party cloud services, but most of its customers needed access to Nvidia's (NVDA -4.40%) graphics processing units (GPUs), which are better suited for training other AI models. Most of the top AI companies -- including OpenAI, Anthropic, and Meta Platforms -- use Nvidia's data center GPUs to process their AI tasks.
Nvidia controls over 80% of the data center AI chip market, and it locks in those customers with its proprietary software and services. A large portion of Google's servers already run on Nvidia's GPUs, but it doesn't have nearly enough chips to satisfy the market's demand for Nvidia-powered cloud computing services. To fill that gap, Google is willing to pay SpaceX $11 billion per year for continuous access to a cluster of roughly 110,000 GPUs.
GOOGL Alphabet$324.22-$10.54 (-3.15%)
NASDAQ · As of 4:00 PM ET 10/22/26
Is that a smart long-term decision? Google's deal with SpaceX instantly resolves a major bottleneck for its cloud infrastructure business. But if it had simply bought those 110,000 chips from Nvidia at $30,000-$40,000 apiece, it would have spent only $3.3 billion to $4.4 billion.
However, it would also have had to secure enough power to run those GPUs -- and it can take three to five years to set up new grid connections for data centers. Google would also need to pay massive energy and labor expenses to continuously operate those centers, and the value of its existing GPUs would depreciate as soon as Nvidia launches newer chips.
Moreover, it could take a long time for Nvidia -- which is still selling chips faster than it can produce them -- to actually fulfill that massive order. Instead of dealing with all of that, it makes more sense for Google to just pay $11 billion (less than 2% of its projected 2027 revenue) to instantly increase its cloud computing power and keep pace with Amazon and Microsoft. Paying SpaceX, in which Alphabet owns a 4%-5% stake, also makes more sense than paying a direct competitor in which the company doesn't own any equity.
But over the long term, this deal could expose Google to some major concentration risks. By paying SpaceX billions of dollars per year, it's essentially funding xAI's transformation into a future cloud infrastructure competitor in the generative AI market.
Google's deal with SpaceX further reinforces Nvidia's dominance of the data center market, rather than challenging it with its own TPUs. Moreover, that massive cluster is located at xAI's centralized facilities -- including its Colossus mega-clusters in Tennessee -- so any power failures or disruptions could impact a large portion of its cloud-based tenants.
For now, investors shouldn't fret too much over Google's deal with SpaceX, since it's a win-win situation for both companies. But it also exposes the limitations of Google's cloud infrastructure, as well as some future catalysts for xAI's growing cloud computing business.
Alphabet's cloud business just posted growth that would make most tech companies blush, yet the stock sits well below its recent highs. Whether that gap represents a value opportunity or a warning sign depends on what you believe about one…
Our 24/7 Wall St. price target for Alphabet (NASDAQ:GOOG | GOOG Price Prediction) is $431.74 over the next 12 months. From $340.34, that means 26.86% upside. Our rating is buy, with moderate-to-high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $340.34 Price Target from 24/7 Wall St. $431.74 Upside/Downside 26.86% Recommendation BUY Confidence Level 70% Alphabet has a market value of about $4.16 trillion, and its growth is still speeding up. Revenue growth rose from 15.95% in Q3 2025 to 24.23% in Q2 2026.
Over the same period, Google Cloud growth went from 34% to 82%. The stock has not kept pace with that momentum, and that gap supports our upside case.
Shares Stall Even After a Strong Cloud Quarter GOOG is down 3.2% over the past week and 1.91% over the past month. It is still up 7.86% year to date and 33.46% over the past year. At $337.82 midday Tuesday, the stock sat 16.4% below its $403.96 52-week high and 35.2% above its $249.80 low.
In Q2, revenue came in at $119.80 billion, ahead of the $116.91 billion estimate. EPS was $9.11, though a $99.03 billion gain on equity securities inflated that number. The cloud backlog hit $514 billion.
Why Bulls See $448 and Beyond Google Cloud’s operating margin rose to 35.6% from 20.7% a year earlier. Management expects just over 50% of the backlog to turn into revenue within 24 months.
AI Mode has passed 1 billion monthly users, and Alphabet expects most of its TPU system sales revenue to land in 2027. On the Q2 earnings call, management said Alphabet had become “more bullish on the opportunities ahead”.
Wall Street generally agrees. Of the analysts covering the stock, 13 rate it Strong Buy, 44 rate it Buy and none rate it Sell. The consensus target is $420.79. In the bull case, the target reaches $448.76.
Spending Spree Is the Risk to Monitor Alphabet guided to $175 billion to $185 billion in 2026 capex, and Q2 free cash flow turned negative at -$5.86 billion. Long-term debt rose from $46.5 billion to $98.2 billion.
Buybacks are paused, and a stock sale program of up to $40 billion could dilute shareholders. Renting outside computing capacity will also weigh on cloud margins. The bear case sits at $368.11, which is still above today’s price.
Operating cash flow rose 40.8% to $39.07 billion, and management says “demand still outpaces that investment.”
Alphabet Looks Cheapest Among Its AI Rivals Azure goes up against Google Cloud for the same enterprise AI budgets, which is why Microsoft (NASDAQ:MSFT) belongs in this comparison.
For digital ad dollars, Meta Platforms (NASDAQ:META) competes with Google and sits in a similar AI capex race. All of that spending requires infrastructure support from someone, and we pulled seven of those suppliers into a free report on the AI infrastructure buildout.
Company P/E Operating Margin Latest Revenue Growth Alphabet 14 32.06% 24.23% Microsoft 30 46.78% 17.75% Meta 26 41.44% 27.96% Microsoft has higher margins, but it trades at a much higher multiple than Alphabet while growing revenue more slowly. Meta grew faster, but in Q2 its operating margin fell to 31% and it missed EPS estimates by 14.42%.
Equity gains improve Alphabet’s P/E, but even its 22x forward multiple is well below both rivals. Our 24/7 Wall St. price target looks reasonable, and arguably conservative, next to this peer group.
What Could Push Alphabet Toward Our Target My 24/7 Wall St. price target is $431.74, with a buy rating and 70% confidence.
What tips the scale for me is Google Cloud: its growth is accelerating and it is getting more profitable at the same time. The bull case holds as long as the backlog keeps turning into revenue. The thesis weakens if capex keeps rose while cloud margins shrink.
Year Price Target from 24/7 Wall St. 2026 $356.40 2027 $440.96 2028 $513.09 2029 $567.17 2030 $631.69 Alphabet’s AI strategy execution supports these estimates. Much faster TPU adoption could push results above these figures, while AI spending that fails to earn a return or new regulatory penalties could pull them below.
Contact [email protected] for any questions or corrections.
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Alphabet Inc. (NASDAQ: GOOG) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/alphabet-inc-goog-class_action_lawsuit.
Alphabet Case Details
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Gemini 3.5 Pro was delivering disappointing training results;as a result, the launch of Gemini 3.5 Pro would be significantly delayed; andas a result of the foregoing, Defendants’ positive statements about Alphabet’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
What's Next for Alphabet Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/alphabet-inc-goog-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Alphabet you have until December 1, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Alphabet Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Alphabet Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Lawsuit alleges Alphabet Inc. made misleading statements to investors from May 19, 2026 to July 16, 2026; lead plaintiff motions are due December 1, 2026
, /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOGL) on behalf of investors who acquired the Company's securities from May 19, 2026 to July 16, 2026. Filed on October 2, 2026, the case is Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose), Case No. 5:26-cv-11290.
If you lost money on Alphabet Inc. securities, submit your Alphabet Inc. loss information by December 1, 2026 to learn about participating in the lawsuit.
Alphabet Inc. class action timeline
Class period begins: May 19, 2026
Class period ends: July 16, 2026
Complaint filed: October 2, 2026
Lead plaintiff motion deadline: December 1, 2026
What happened?
On July 16, 2026, Bloomberg reported that Alphabet's Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model, due to the Company's ongoing coding efforts, and that "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, Alphabet's stock price fell $16.40, or 4.4%, to close at $353.81 per share on July 16, 2026, thereby injuring investors.
Then, on July 22, 2026, Alphabet released its second quarter 2026 financial results, announcing a significant expansion of expected full year 2026 capital expenditures to $195 billion to $205 billion, and disclosing a negative free cash flow of $5.9 billion for the quarter. The Company further disclosed that, given the supply-constrained environment, it planned to expand the use of third-party capacity in the third quarter as a bridging strategy, which would create modest margin pressure in the near term.
On this news, Alphabet's stock price fell $24.40 or 7.13%, to close at $317.69 on July 23, 2026, thereby injuring investors further.
What is the Alphabet Inc. lawsuit about?
The Alphabet Inc. securities lawsuit alleges that, between May 19, 2026 and July 16, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Alphabet Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) that the Gemini 3.5 Pro was delivering disappointing training results; (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result, defendants' positive statements about Alphabet Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"According to the complaint filed against Alphabet Inc., the Company, among other things, did not disclose that that the Gemini 3.5 Pro was delivering disappointing training results. The December 1, 2026 deadline is a key date for Alphabet Inc. investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Alphabet Inc. investors do now?
The Law Offices of Frank R. Cruz can help Alphabet Inc. investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the Alphabet Inc. class action must file a motion with the Court by December 1, 2026. For more information, visit the Alphabet Inc. case page, email [email protected], or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. Alphabet Inc. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Alphabet Inc. case.
Questions and answers about the Alphabet Inc. lawsuit
Who is eligible? Investors who bought Alphabet Inc. securities between May 19, 2026 and July 16, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 1, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Alphabet Inc. class action.
Must I be lead plaintiff to share in a recovery? No, Alphabet Inc. investors can take no action and remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
Alphabet Inc. case page, The Law Offices of Frank R. Cruz
Complaint: Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose)
press release
Alphabet Inc. SEC filings index, EDGAR
The Law Offices of Frank R. Cruz
Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
Most investors run from Alphabet the moment they see its chip spending and rate exposure. Those are precisely the two reasons it keeps landing at the top of my watchlist.
I keep coming back to Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) again and again. Two things scare a lot of investors away from this company: its chip spending and its sensitivity to interest rates. Those same two things are why I keep researching this company.
The case is simple: Alphabet designs its own AI chips, runs them in its own data centers, trains its own Gemini models on them and sells the whole package to consumers and enterprises. Very few companies own every one of those layers. Alphabet pays for that expansion with a balance sheet that shrugs off higher borrowing costs.
Homegrown Chips Already Pay the Bills Google Cloud’s AI infrastructure offering includes TPU systems, the chips Alphabet designs itself. In the second quarter, Cloud revenue reached $24.768 billion, up 82%. One quarter earlier, management reported a Cloud backlog of over $460 billion. To me, that backlog means customers have already signed up for years of demand for computing power Alphabet builds itself.
The usage numbers back that up. Gemini models process 22 billion API tokens per minute, its app has 950 million monthly active users and nearly 90% of the Fortune 100 use Gemini Enterprise. Chief executive Sundar Pichai said the results “show that our differentiated, full stack approach to AI is delivering real, measurable value” for consumers, customers and partners.
Interest Rates Barely Dent This Balance Sheet Rates matter here because Alphabet now borrows to build. What reassures me is the buffer. Its interest coverage ratio is 175.5x, its leverage ratio is 0.143 and its net debt is just 0.190 times EBITDA. Operating income reached $40.77 billion last quarter, up 30.4%, and operating margin expanded to 34%.
The core business keeps growing, too. Revenue rose 24.2% to $119.80 billion, the 12th straight quarter showing double-digit growth. EPS of $9.11 beat estimates for the 11th consecutive quarter.
Why Alphabet Edges Out Microsoft and Amazon The names most readers would pick first are Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). Alphabet stands out against both for two reasons: price and buffer. Alphabet trades at a P/E of about 15, compared with roughly 30 for Microsoft and 36 for Amazon. Microsoft covers its interest about 51 times and Amazon about 35 times. Leverage points the same way: 0.29 at Microsoft and 0.37 at Amazon. One concern: Alphabet’s P/E gets a lift from a $99.03 billion gain from its equity holdings last quarter, so I check it against operating results.
Risk I Refuse to Ignore The expansion is expensive. Long-term debt rose from $46.5 billion to $98.2 billion, and interest expense jumped nearly 5x from a year earlier. Free cash flow fell to a negative -$5.855 billion as capex reached $44.924 billion. Alphabet also stopped buybacks and raised ~$70B in combined equity and debt, and the stock sales dilute holders like me. If AI demand cools while rates stay high, that combination would hurt.
My thesis holds because the spending is already bringing in revenue. Operating cash flow came to $39.069 billion last quarter, and fiscal 2025 free cash flow totaled $73.266 billion.
Reasons Alphabet Stays on My Radar The stock is up 34.01% over the past year but down 5.69% over the past month, and I see a decline like that as a reason to study the business more closely. Alphabet also raised its quarterly dividend 5% to $0.22 per share, a small but growing source of income. I plan to keep watching it closely if Alphabet continues turning its own chips into cloud revenue and covering its interest bill 175.5 times over.
Contact [email protected] for any questions or corrections.
Alphabet is consolidating near long-term averages, trading ~18% off its 52-week high, as CAPEX-driven FCF concerns persist. GCP's explosive growth—Cloud revenue up 82% YoY and EBIT margin at 36.5%—positions GOOG for significant margin expansion and higher valuation multiples. I expect catalysts from TPU commercialization, Gemini 4 Argon adoption, agentic AI, and a $514B GCP backlog conversion to drive future upside.
NEW YORK, Oct. 22, 2026 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
Alphabet Class C shares fell $16.39 in a single session after a report that Gemini 3.5 Pro was months behind schedule. Exchange Act claims allege that the June 2026 launch commitment carried no meaningful cautionary language while disappointing training results went undisclosed.
, /PRNewswire/ -- SueWallSt notifies investors in Alphabet Inc. (NASDAQ: GOOGL, GOOG) that a securities class action asserting Exchange Act claims is pending in the United States District Court for the Northern District of California. The action was brought on behalf of persons and entities that purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026. Submit your information now or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
IMPORTANT DATE: December 1, 2026, the deadline to seek appointment as lead plaintiff. On July 16, 2026, Alphabet Class C shares fell $16.39, or 4.4%, to close at $353.58. Class A shares closed that day at $354.46, reportedly down a similar 4.4% from their previous day close.
Alphabet Exchange Act Securities Claims at a Glance
The complaint pleads two counts under the Securities Exchange Act of 1934 and seeks damages on behalf of holders of both share classes.
First Claim: Section 10(b) of the Exchange Act and SEC Rule 10b-5, asserted against Alphabet and both individual defendants.
Second Claim: Section 20(a) of the Exchange Act, asserted against the Company's chief executive officer and chief financial officer as alleged controlling persons.
Jurisdiction and venue: 28 U.S.C. § 1331 and Section 27 of the Exchange Act, with venue in the Northern District of California, where Alphabet maintains its Mountain View headquarters.
Securities covered: Class A common stock (GOOGL) and Class C common stock (GOOG), both traded on the NASDAQ.
Relief sought: Compensatory damages against all defendants, jointly and severally, with interest, costs, and expert fees, along with a demand for a jury trial.
Safe Harbor Allegedly Unavailable for the June Launch Commitments
Management gave a June 2026 release timing for Gemini 3.5 Pro at the May 19 Google I/O developer conference and repeated it on a June 3 Special Investor Call. The lawsuit contends that this timing was not identified as forward-looking and carried no "meaningful cautionary statements identifying important factors that could cause actual results to differ materially." For investors, this means plaintiffs are challenging whether those launch commitments can be shielded as protected projections.
The complaint further asserts that, even if that protection applied, the statements were allegedly made with actual knowledge that they were false or misleading. Per the complaint, the undisclosed facts included disappointing training results and a resulting significant launch delay. On July 16, 2026, Bloomberg reported that Google was "months behind schedule on delivering Gemini 3.5 Pro" and that a late-June training data update had produced disappointing results.
What Followed the July 16 Report
On the July 22, 2026 second quarter call, management described Gemini 3.5 Pro only as being in testing, with no commercial launch date. On September 30, 2026, Google announced Gemini 4 Argon and said it was "actively engaged in the U.S. government's voluntary process for pre-release model access." The same day, Reuters reported that Google "no longer plans to release Gemini 3.5 Pro."
"Federal securities laws are designed so that when a company publicly sets a launch month for its flagship product, investors also learn of known obstacles to meeting it. The complaint alleges that disappointing Gemini 3.5 Pro training results went undisclosed while a June 2026 release was being promised. Alphabet shareholders who bought during that window deserve a careful review of those claims." -- Joseph E. Levi, Esq.
Find out if you might qualify to recover losses or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the GOOGL, GOOG Lawsuit
Q: What is the Alphabet (GOOGL, GOOG) class action lawsuit about? A: A securities class action has been filed against Alphabet Inc. (NASDAQ: GOOGL, GOOG) alleging materially false and misleading statements between May 19, 2026 and July 16, 2026. Shares fell approximately 4.4% after a July 16, 2026 Bloomberg report stated that Google was months behind schedule on delivering Gemini 3.5 Pro and that a recent training data update had produced disappointing results. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.
Q: What specific misstatements does the Alphabet (GOOGL, GOOG) lawsuit allege? A: The complaint alleges that Alphabet Inc. made materially false or misleading statements during the Class Period about the development progress and June 2026 launch timeline of its flagship Gemini 3.5 Pro artificial intelligence model, while failing to disclose disappointing training results. When Bloomberg reported on July 16, 2026 that the model was months behind schedule, the stock price declined sharply.
Q: What court was the Alphabet (GOOGL, GOOG) class action filed in? A: The case was filed in the United States District Court for the Northern District of California, governed by the Private Securities Litigation Reform Act of 1995.
Q: What do Alphabet (GOOGL, GOOG) investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
Q: What happens after I submit my information? A: Your trading history will be reviewed at no cost for an initial assessment of your potential eligibility.
Q: What if I already sold my Alphabet (GOOGL, GOOG) shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
[email protected]\
Tel: (888) SueWallSt\
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Behind a wire fence lies a vast gaping wound of earth. Before Google’s arrival a few months ago, an estimated quarter of a million trees occupied the 330 hectares (815 acres) of forest near the town of Muhos in rural northern Finland. Now they are all gone.
After the tech company illegally stripped the entire area to build a datacentre – taking even the top soil with it – all that remains is a vast expanse of mud indented with the trail marks of machinery, puddles and mounds of earth, roots and branches. Residents say that brown water flowing off the site is going into a stream that feeds the Oulujoki River.
“It doesn’t end. It goes on and on,” says Mari Annala, an ecologist from the Finnish Association for Nature Conservation (SLL), looking at drone footage of the former forest from the perimeter.
Mari Annala is a Finnish environmental expert, researcher and board member of the Oulu region district of the Finnish Association for Nature Conservation. Photograph: Jarno Artika/The GuardianWith 145 new datacentres at various stages of planning, Finland has found itself at the forefront of the tech companies’ latest push. As well as its relative geopolitical and geological stability and abundance of land, the cool climate makes it especially attractive for saving on energy costs.
Earlier this month, Google was ordered by the Finnish Licensing and Supervision Authority (LVV) to temporarily stop work on Muhos and another site about 100km south-east in the village of Otanmäki after it failed to complete the necessary environmental impact assessments before clearcutting the land. The news has prompted widespread outcry and a national reckoning over what role, if any, the country should play in the global rush to build datacentres to keep up with rapid AI development.
Last week, Google’s Finland country manager, Antti Järvinen, apologised for the forest clearings but claimed the company had acted “on the best understanding we had of the legislation at the time”.
In the northern Finnish town of Muhos, the forest has already been cut down on land acquired by Google, with excavators now clearing the ground and rumbling trucks shuttling back and forth to the construction area located next to major power lines. Photograph: Alessandro Rampazzo/AFP/Getty ImagesMuhos and Otanmäki are part of a €13bn AI infrastructure project by Google that has attracted criticism from Donald Trump, who would rather the centres were built in the US and has publicly called for the company to reconsider. It is the biggest ever project of its kind in the Nordic country.
The Finnish government, which has presided over deep spending cuts, has encouraged the investment. Last month, when the Google plans were announced, the country’s prime minister, Petteri Orpo, said attracting investment was a “top priority” and “the value of the data economy extends far beyond direct investment”. He said the Google deal would “deliver lasting benefits for both parties”.
But the revelations over Google’s misconduct have prompted public concern over what these deals mean for nearby communities, energy prices for Finnish households and Finland’s natural environment, a national source of pride. The datacentre push is likely to become a key election issue when Finns go to the polls in April.
Google’s clearcut area is 3km long and 2km wide, 330 hectares in total, and 400 metres from the Oulujoki River. Photograph: Jarno Artika/The GuardianIn addition to the 250,000 trees felled at Muhos, Annala estimates that an additional 150,000 trees were felled at Otanmäki. Because the trees have been felled illegally, she says wood from the two sites cannot be sold to wood-processing plants.
The move has also prompted questions over why Finland’s renewable energy sources are being used to power international corporations.
More than 93,000 people have signed a petition demanding more datacentre regulation and a fee to compensate local communities for environmental damage. Since the scandal broke, Orpo has described what happened in Muhos as a “cold shower”.
Hanna Halmeenpää, chair of SLL’s board, said she had been incredulous when she discovered Google’s law breaking. “At first I couldn’t believe it,” she said. “I have never heard that any company has done anything like this in Finland.” She said the system depended a lot on trust, which she believes Google took advantage of. “They bought the vast land area and they just started to cut it, just like that,” she said. “It’s pure arrogance and it’s amazing.”
Three electrical pylons next to the Google clearcut. Photograph: Jarno Artika/The GuardianThe speed of developments had shocked the country, she said. “Many people are just watching the news and asking each other: ‘What’s happening now? What can we do about it? And do we have to take all these datacentre projects in Finland?’”
Jussi Kangasharju, head of computer science at the University of Helsinki, said that while datacentres brought a limited number of jobs, potentially boosting the local economy, the benefits on a national level were minimal. “Really, for Finland, there are no benefits,” he said. “They are international companies serving international customers. Very little corporate taxes go to Finland. Datacentres ultimately have very little benefit for others except the datacentre operator.”
Hanna Halmeenpää, chair of the board of the Finnish Association for Nature Conservation, near the site where Google’s new datacentre is to be built in Muhos. Photograph: Alessandro Rampazzo/AFP/Getty ImagesWith legislation still playing catchup, there is a rush to get projects under way as fast as possible.
Some are calling for a centralised body to coordinate datacentre projects, rather than leaving so much of the decision-making down to municipalities that are likely to prioritise the immediate needs of the local area.
In Muhos and Otanmäki, there are people who support the projects, along with the jobs and land taxes they will bring into the local area. But many believe they have been sold short by municipalities.
Google has illegally stripped the entire area, removing even the top soil. Photograph: Jarno Artika/The GuardianAntti Jakonen, who lives in Muhos, said that, although the trees felled represented a small fraction of Finland’s overall forests, he objected to the manner in which it had been carried out. “It has been done in the wrong way. American style. No sense. No sense at all,” he said. The former entrepreneur and fisher wants Google to compensate by helping to restore the local salmon population destroyed decades ago by hydropower.
In Otanmäki, the disruption to nature and to residents’ daily lives is being vividly felt. When the trees were felled, the wolves who had lived there came to the village, said Anni Ranta, 53, whose family has lived there for generations.
Pentti Korhonen, a wilderness guide, has lived in Otanmäki for 12 years. Photograph: Jarno Artika/The GuardianA former mining village, the area is known for its rare earth elements. Ranta’s family live at the centre of the village next to a triangular church spire and a former bar that has been empty for years. The peaceful forest used to extend for miles from the village. Now the sound of building work next to the clearcut Google site reverberates.
“We had wolves coming into the village because all the wild animals moved out of the forest,” said Ranta. “They fled. What worries me about the datacentres is also the noise because this is hardrock soil. Even when we are standing here talking,” she added, stamping her feet, “it’s like a drum.”
Such is her strength of feeling against the arrival of Google that she is thinking of moving out. She also fears the datacentre could make the village a target for Russia, with whom Finland shares a long border. “I don’t want them here,” she said of Google. “I don’t want them in Finland at all. I don’t like the whole idea of AI and the world changing and the way it’s changing. It’s going too fast, too soon.”
Vesa Hyyryläinen, a biologist, drives past the construction area next to the Google clearcuts in Otanmäki. Photograph: Jarno Artika/The GuardianHer father, Pentti Korhonen, a retired wilderness guide, said that since the forest was destroyed, the water in the stream has turned brown. “There is no need at all for datacentres in Finland. No need for datacentres at all,” he said.
Vesa Hyyryläinen, chair of the local SLL district, said three-toed woodpeckers nesting in the forest had been pushed out. “All of us nature conservationists are very worried about our Finnish political situation and politics,” said the biologist and osprey expert. “I wonder why we have to sacrifice so much of our nature. They give everything away too easily.”
He said, however, that he understood why authorities were trying to bring in new sources of investment and jobs, given the region’s ageing population. “Young people go to Helsinki and Berlin and Paris,” he said. “There are so few people. We have to sacrifice.”
Hyyryläinen said: ‘I wonder why we have to sacrifice so much of our nature. They give everything away too easily.’ Photograph: Jarno Artika/The GuardianVeli-Matti Uski, director general of the ministry of environment, said the government was “monitoring the general development of the [datacentre] sector, [and the] application of its legislation, and is prepared to propose legislative amendments as necessary”.
Google said it was working to protect water quality at the Muhos site, and that it planned to plant trees across 130 hectares there. Conservationists say that figure is too low to have any real impact in comparison to the damage done by the tree felling.
A spokesperson said: “We have operated in Finland for 15 years and have always worked to meet or exceed zoning, environmental, health and safety requirements.
“After receiving the LVV letters on 6 October, we stopped preparatory works at Muhos and Kajaani [where the Otanmäki site is located] and have submitted a formal response to LVV confirming this.
“We will fully comply with LVV’s requests in this matter. We look forward to maintaining an active, open dialogue with all authorities to strengthen our partnership with Finland and local organisations.”
After a difficult five months for Alphabet (NASDAQ: GOOGL) stock, Citizens JMP analyst Andrew Boone pulled back on his previous Street-high Google equity price forecast of $515.
Specifically, on Thursday, October 22, the institutional expert made a 12.62% cut to his target, decreasing it to $450, meaning that, instead of estimating a 53.84% rally from the latest close at $334.76, he now anticipates a 34.42% rise.
Boone highlighted rising search competition from artificial intelligence (AI) agents – and, notably, Google has been facing criticism of a worsening service for years, with anecdotal evidence hinting that AI is already seizing some of the market share – and ‘execution risk’ as key factors behind the downgrade.
Still, the Citizens’ analyst underlined that Alphabet remains a leader in search, AI itself, and online video through its ownership of YouTube, and benefits from a significant stake in the autonomous car company Waymo, meaning it still merits a premium to the market multiple and is still rated ‘Market Outperform’ – considered a ‘Buy’.
Wall Street sets Google stock price target for the next 12 months
Meanwhile, Google commands the optimism of the wider Wall Street as well, with the data Finbold retrieved from TipRanks on October 22 showing GOOGL shares are, overall, considered a ‘Strong Buy’ by institutional experts.
Wall Street sets Google stock price target for the next 12 months. Source: TipRanks
Examining the ratings issued in the last three months also reveals that twenty-six analysts provided a ‘Buy’, four a ‘Hold’, and zero a ‘Sell’ recommendation for Alphabet’s equity.
The average price target for the next 12 months is likewise bullish, as Google stock is expected to rally 27.69% to $427.46 within the timeframe.
Google stock price performance in 2026
Elsewhere, Wall Street’s optimism has not been matched by investors in 2026. After soaring nearly 28% between the start of the year and mid-May, GOOGL found itself on a downtrend that took it, in total, 16.85% below the highs.
Google stock price performance in 2026. Source: Google
Furthermore, while Google shares’ performance stabilized somewhat between early August and early October, most recent trading brought a 5.38% drop that has extended by another 1.99% in the October 22 pre-market, taking the equity from $334.76 at the latest close to $328.09 at press time.
Featured image via Shutterstock
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NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Alphabet Inc. (“Alphabet” or the “Company”) (NASDAQ: GOOG, GOOGL) investors of the December 1, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Alphabet Class Action Lawsuit:
Do you, or did you, own shares of Alphabet Inc. (NASDAQ: GOOG, GOOGL)?Did you purchase your shares between May 19, 2026 and July 16, 2026, inclusive?Did you lose money in your investment in Alphabet Inc.? What To Do Next:
Investors are encouraged to act promptly and submit a form at Alphabet Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by December 1, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the securities of Alphabet between May 19, 2026 and July 16, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Alphabet securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
Alphabet (GOOG -1.62%) (GOOGL -1.62%) has played a significant role in the artificial intelligence (AI) story so far, and that's helped supercharge revenue growth and stock performance. The company develops AI products and services, uses them to improve its own business, and offers them to customers through its Google Cloud unit.
Given high demand for AI capacity, Alphabet has been one of the key players involved in the infrastructure build-out. Alphabet, Amazon, Microsoft, and Meta Platforms together plan to spend more than $700 billion this year on the ramp-up. So, the pace of AI growth depends, to a certain degree, on these leading players.
With this in mind, investors closely watch these companies as they are well-positioned to benefit from AI growth -- if the AI story continues to unfold as expected. And that brings us to the date of Oct. 28, which could represent a catalyst for Alphabet. Will the stock, which has climbed about 7% this year, soar after that date? History offers an answer that's strikingly clear.
Image source: Getty Images.
The strength of Google SearchLet's start off by considering Alphabet's path so far. The company built its solid billion-dollar revenue stream thanks to something that we all know well: Google Search. It has been steadily No. 1 in search, holding 90% of the market, and advertising across the Google platform has driven revenue over time. Advertisers, knowing we look for various types of information through Google, seek to reach us there about their products and services.
In the second quarter, Google advertising made up 68% of Alphabet's total $119 billion in revenue.
Though this clearly continues to be Alphabet's bread and butter, AI is progressively proving itself to be a powerful revenue driver for the company. Alphabet has developed its own family of large language models, Gemini, and is using this LLM to improve Google Search and the advertising experience -- as a result, advertisers may spend even more here in the future.
GOOGL Alphabet$334.76-$5.52 (-1.62%)
NASDAQ · As of 4:00 PM ET 10/21/26
At the same time, Alphabet offers Gemini to customers through Google Cloud, and demand for this and other AI capabilities has skyrocketed. In the quarter, Gemini reported an 82% increase in Google Cloud revenue to more than $24 billion, driven by enterprise AI solutions and enterprise AI infrastructure.
Spending heavily to serve demandBut as I mentioned above, Alphabet is spending heavily to serve this demand. Capital expenditures totaled about $44 billion in the quarter to support the AI build-out, with 60% of the infrastructure investment in servers and 40% in data centers and networking.
Investors have been enthusiastic about the growth, but on occasion, they've worried about the depth and speed of the capex increases -- and that's weighed on Alphabet stock from time to time.
Now, let's consider the event coming up on Oct. 28 and what history tells us about stock performance. Alphabet is scheduled to report third-quarter earnings after the market closes. History tells us that, in the two weeks following the past four quarterly reports, Alphabet stock has advanced three times.
QuarterTwo week stock performanceQ2 2026up 5.3%Q1 2026up 14%Q4 2025down 8.8%Q3 2025up 4.4%Source: Ycharts.So, recent history has a strikingly clear message for us: Alphabet stock may soar after its upcoming earnings report. It's also important to note that the message regarding AI growth could support this. Demand has been strong throughout the AI boom, and tech companies such as Taiwan Semiconductor Manufacturing and ASML Holding, which have already reported earnings, have spoken of ongoing solid demand.
Of course, the one area that may weigh on investors' minds continues to be the levels of capex. Some investors have worried that tech giants are overspending, so this concern could get in the way of a positive stock performance from Alphabet after its report.
What does all of this mean for you as an investor? History says Alphabet may soar after Oct. 28, but the most important thing to focus on is a company's long-term earnings prospects and stock performance potential. And here, there's reason to be optimistic about Alphabet, making it a great stock to own as this AI boom continues to unfold.
New York, New York--(Newsfile Corp. - October 22, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOGL) (NASDAQ: GOOG) on behalf of investors that purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Alphabet and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 1, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On July 16, 2026, according to the complaint, Bloomberg reported that Google is "months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model" due to the Company's ongoing coding efforts and that "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, the price of Alphabet's Class A and Class C common stock fell $16.46 per share and $16.39 per share, respectively, or 4.4%, on July 16, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose (1) that the Gemini 3.5 Pro was delivering disappointing training results, and (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
After changing the names of the Gulf of Mexico and Lake Ontario, Trump has set his sights on a bigger body of water. Anna Moneymaker/Getty Images President Donald Trump's plan to rename the Atlantic Ocean hit choppy waters when he took it to Google.
At a Wednesday rally in South Carolina, Trump said he considered putting his name or "America" on one of the two oceans that flank the US: the Atlantic and the Pacific.
"I’m not going to put either Trump or America on any other ocean but these two," he told the crowd.
Then, he said, he called Google to ask about making the change on Google Maps.
The tech giant had previously changed its US labels for the Gulf of Mexico and Lake Ontario to the Gulf of America and Lake America after executive orders from the president.
Here's what you need to know about Trump's plan for Greenland
"I spoke to a brilliant guy, Sundar. He heads all of Google," Trump said, referring to CEO Sundar Pichai. He also praised Google cofounder Sergey Brin, calling both men "totally brilliant guys," before joking that they were "still rattled from the Gulf."
Trump recounted putting his idea directly to Pichai: "Sundar, I’m thinking of the Atlantic Ocean. Can you handle it?"
"No, no, no. This time I’m not doing it," Trump quoted Pichai as replying. "Oceans are different, sir. They cover really a lot of countries. Please don't ask us to do that."
"So I'll probably pass," Trump told the crowd. "Should I pass it?" He then answered his own question: "I think let's keep it the Atlantic Ocean."
Google did not immediately respond to a request for comment.
It was not Trump's first ocean pitch. At a Tennessee rally in early October, he floated "Trump Ocean" or "Ocean of the Americas" for the Atlantic or Pacific.
He has also mused about renaming a river, calling New Mexico "New America," and rechristening the Strait of Hormuz the "Trump Strait."
While those ideas remain proposals, Google Maps did adopt "Gulf of America" and "Lake America" for US users after the names changed in federal records. Users in Mexico and Canada still see the original names for the gulf and lake, respectively. Users in the rest of the world see the original names, followed by Trump's new names in brackets.
The changes have created a dilemma for people who make maps for an international audience. "The issue of international acceptance is also a factor, as some nations may not accept it," Joseph Wright, CEO of Replogle Globes, told Business Insider's Joshua Nelken-Zitser after the lake order.
"We sell globes worldwide."
For now, Trump's Atlantic idea appears to have sunk before it reached Google Maps.
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Georgia is a Business News Fellow at Business Insider's London office.Before joining Business Insider, she worked at Japan's largest newspaper, The Yomiuri Shimbun, and interned at the Financial Times. She is an NCTJ-qualified journalist with a degree in Philosophy from the University of Birmingham.
Alphabet has been sued for securities fraud after its stock price fell 4% because Alphabet allegedly misrepresented the progress of development of its Gemini 3.5 Pro AI model.
New York, New York--(Newsfile Corp. - October 22, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) and certain of the company's senior executives for securities fraud after a significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Alphabet, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/alphabet-class-action-lawsuit.
Key Details of the Alphabet ($GOOG, $GOOGL) Class Action:
Lead Plaintiff Deadline: December 1, 2026Alleged Misconduct: Securities fraud alleging Alphabet misrepresented the progress of development of its Gemini 3.5 Pro AI model.Stock Drop: July 16, 2026 – 4.4% Stock DropCourt: U.S. District Court for the Northern District of CaliforniaAction: Contact BFA Law to discuss your rightsInvestors have until December 1, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Alphabet securities. The class action is pending in the U.S. District Court for the Northern District of California. It is captioned Stewart v. Alphabet Inc., et al., No. 26-cv-11290.
Why is Alphabet Being Sued for Securities Fraud?
Alphabet has been sued for securities fraud following a significant stock drop resulting from alleged violations of the federal securities laws. The decline in Alphabet's stock price caused significant losses to investors.
Alphabet is a large technology company. Recently, Alphabet has made significant investments in its AI platform.
According to the complaint, on May 19, 2026, Alphabet announced that it would launch its highly anticipated new AI offering, Gemini 3.5 Pro, in June 2026.
As alleged, Defendants misrepresented the progress of development of Gemini 3.5 Pro.
Why did Alphabet's Stock Drop?
On July 16, 2026, during market hours, Bloomberg reported that Google is "months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model" due to the Company's ongoing coding efforts. Specifically, "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."
On this news, the price of Alphabet's Class A shares dropped $16.46 per share, or 4.4%, from a closing price of $370.92 per share on July 15, 2026, to $354.46 per share on July 16, 2026.
Click here for more information: https://www.bfalaw.com/cases/alphabet-class-action-lawsuit.
What Can You Do?
If you invested in Alphabet, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360, and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
BFA's notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
New York, New York--(Newsfile Corp. - October 21, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) between May 19, 2026 and July 16, 2026, inclusive (the "Class Period"), of the important December 1, 2026 lead plaintiff deadline. SO WHAT: If you purchased Alphabet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Google is facing a bipartisan Senate grilling over its aggressive push to put artificial intelligence in American classrooms amid mounting concerns that the technology could harm students’ academic performance and mental health.
Sens. Richard Blumenthal (D-Conn.) and Josh Hawley (R-Mo.) sent a letter Wednesday to Google CEO Sundar Pichai demanding answers about what the search giant knows about the potential risks its AI products pose to children, as first reported by the Wall Street Journal.
The two lawmakers wrote in the letter that they harbored “grave concern” that Google’s “aggressive push of AI products to children in schools is threatening the academic success and overall wellbeing of an entire generation.”
Google’s aggressive push to put artificial intelligence in classrooms has drawn Senate questions amid fears the technology is harming students. dpa/picture alliance via Getty Images
Blumenthal and Hawley demanded to know the extent of Google’s knowledge about those potential harms and why the company has made AI integration the default on educational devices.
In one of their most pointed demands, the senators asked whether Google has identified instances in which its classroom AI tools “encouraged a minor to engage in harmful behavior, emotional dependence, or failed to detect signs of suicidal or self-harm ideation.”
Sen. Josh Hawley (R-Mo.) joined his Democratic colleague in demanding answers about Google’s AI products and their potential impact on children’s mental health. Getty Images
The lawmakers also pressed Google to explain what safeguards it has implemented to prevent chatbots from engaging in inappropriate emotional exchanges with children, citing the case of a Maryland teenager who was hospitalized after developing an intense dependence on the company’s AI.
They demanded an accounting of Google’s promotional efforts to expand AI adoption in schools, including how much the company has spent on such programs.
“Google is forcing their AI products into classrooms across America, and children are paying the price,” Blumenthal and Hawley wrote in the missive, a copy of which was obtained by The Post.
The inquiry follows a bombshell Sept. 30 investigation by the Journal that detailed how Google’s AI tools have fueled academic and emotional dependence among students, raising questions about the company’s efforts to promote the technology despite warnings from its own researchers.
Sen. Richard Blumenthal (D-Conn.) demanded that Google disclose whether its AI tools have encouraged harmful behavior or emotional dependence among children. Getty Images
The newspaper interviewed more than 60 teachers, school administrators, parents, students and clinicians who described children increasingly relying on AI to complete assignments, answer basic questions and navigate personal problems.
Google’s researchers have also warned that the technology could undermine children’s cognitive development and emotional well-being, according to the Journal’s review of more than a dozen company research papers and interviews with current and former employees.
“Children need opportunities to work through uncertainty, make mistakes and discover that they can solve problems with support,” behavioral scientist Dr. Abbie Maroño told The Post.
“If AI repeatedly supplies the answer before they have tried, it can remove opportunities to develop those skills.”
Maroño also warned that chatbots can create a misleading sense of trust through their reassuring responses.
Google CEO Sundar Pichai has until Nov. 2 to answer lawmakers’ questions about potential risks posed by the company’s AI tools in classrooms. Bloomberg via Getty Images
“A response can feel caring without being accurate or appropriate for that child,” she said.
“Systems should be independently tested for how they respond to distress, repeated reassurance-seeking and a child treating the chatbot as their only source of support.”
Google has insisted that its Gemini chatbot has special safeguards to prevent children from developing emotional attachments to the technology or receiving responses that reinforce potentially harmful beliefs.
In an April 7 policy statement, Google outlined “protections designed to prevent Gemini from acting like a companion,” along with safeguards intended to discourage emotional dependence by avoiding “language that simulates intimacy or expresses needs.”
The company also said it had trained Gemini “not to agree with or reinforce false beliefs,” instead steering users toward objective information and real-world support.
Google said it was introducing a simplified “one-touch” interface designed to connect users experiencing suicidal thoughts or other mental health crises with professional support through calls, texts or online chats.
Google’s Gemini chatbot has come under scrutiny after reports that students increasingly rely on AI for schoolwork and emotional support. AFP via Getty Images
The company also announced that its philanthropic arm, Google.org, would provide $30 million over three years to support crisis hotlines worldwide.
Google acknowledged that AI presents new mental health challenges and cautioned that Gemini “is not a substitute for professional clinical care, therapy, or crisis support for those who need it.”
The senators gave the company a Nov. 2 deadline to provide answers.
San Diego, California--(Newsfile Corp. - October 21, 2026) - Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of persons or entities who purchased or otherwise acquired Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) securities between May 19, 2026 and July 16, 2026, inclusive (the "Class Period"). Alphabet offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
Investors who suffered significant losses during the Class Period should contact Robbins LLP for information before the November 30, 2026 lead plaintiff deadline.
Why Was Alphabet Sued?
According to the complaint, on May 19, 2026, Alphabet hosted its annual Google I/O developer conference. During the conference, the Company's Chief Executive Officer announced its much-anticipated latest artificial intelligence offering Gemini 3.5 Pro would launch in June 2026.
Plaintiff alleges that during the Class Period, defendants failed to disclose to investors that the Gemini 3.5 Pro was delivering disappointing training results, and that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed.
Why Did Alphabet Stock Drop?
On July 16, 2026, at approximately 2:00 PM EST, Bloomberg reported that Google is "months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model" due to the Company's ongoing coding efforts. Specifically, "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing." On this news, Alphabet's Class A common stock price fell $16.46, or 4.4%, to close at $354.46 per share on July 16, 2026, on unusually heavy trading volume. Alphabet's Class C common stock price fell $16.39, or 4.4%, to close at $353.58 per share on July 16, 2026.
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What Can Shareholders Do Now?
Investors who purchased Alphabet Inc. during the Class Period may be eligible to serve as lead plaintiff. The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Stockholders who wish to lead the class action should contact Robbins LLP for information before the November 30, 2026 lead plaintiff deadline.
Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members.
Does It Cost Anything to Participate?
No. Robbins LLP represents investors on a contingency fee basis.
Contact Robbins LLP
Investors seeking additional information about the Alphabet Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.
Why Robbins LLP
A recognized leader in shareholder rights litigation, Robbins LLP represents investors in securities fraud and shareholder derivative litigation. We have helped restore more than $2 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history.
"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.
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WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alphabet Inc. (NASDAQ: GOOGL, GOOG) between May 19, 2026 and July 16, 2026, inclusive (the “Class Period”), of the important December 1, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Alphabet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Alphabet Inc. class action, go to https://rosenlegal.com/cases/alphabet-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) the Gemini 3.5 Pro was delivering disappointing training results; (2) as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result of the foregoing, defendants’ positive statements about Alphabet’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Alphabet Inc. class action, go to https://rosenlegal.com/cases/alphabet-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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The U.S. National Security Agency’s sent out an alarming warning on Wednesday that two critical holes had been found in PHP, with patches already issued by the PHP Foundation.
PHP is a server-side programming language so widely used for web applications that it powers roughly 70% of the websites on the internet; by some accounts, that’s more than 33 million sites. It is also used by popular content management systems like WordPress.
The NSA warned that these holes are so severe that if a website can’t be patched immediately, it should be pulled off the web until it can be. The holes allow attackers to infiltrate the server’s file system or a database that may be used by the web app.
Interestingly, these holes have been tucked away in all versions of PHP since version 5, which was released in 2004. Websites not running relatively current versions of PHP will have some updating work to do, as PHP 8.1 and older versions are no longer supported. The recommendation is to update the web server to the current version of PHP, which is 8.5.12.
So how did two such ubiquitous, decades-old flaws that affect nearly every website on the internet suddenly come to light? AI, naturally, particularly via OpenAI and Google’s Wiz.
Security testing company Calif was engaged in OpenAI’s “Patch the Planet” initiative to find flaws in open-source source software. Using GPT‑5.6 Sol, it found one of the flaws, OpenAI disclosed in a blog post. Separately, the Wiz team also used AI, namely its Wiz Atlas security AI agent, Gemini 4 Argon, and GPT-5.6 Sol to find multiple vulnerabilities in PHP.
Both OpenAI and Wiz followed responsible security research practices and worked with PHP on patches before publicly disclosing the flaws. Then they all worked together to flesh out what they found, and test the patches, drawing in a host of others to help.
Wiz thanked Automattic, Akamai, AWS, Cloudflare, Fastly, Imperva, Microsoft, and Vercel. (While WordPress sites use PHP, WordPress has issued a statement saying that the flaw isn’t WordPress specific, and sites running its CMS must patch their servers and work with their web-hosting companies to ensure their sites are protected.)
OpenAI says that these flaws were found by researchers before hackers discovered them. So there were no reports of exploits in the wild. This is also in part because, before AI, these flaws were too hard for hackers to exploit. “With AI this is no longer a barrier. LLMs can help adapt an exploit to different PHP versions, configurations and memory layouts,” Wiz warned in its blog about the flaws.
In other words, this is the kind of security issue that was found and prevented because of AI, but is also a high risk only because of AI.
Now that the issue has been disclosed, hackers are fully in the know. The race is on for the internet to patch tens millions of websites before hackers can attack the unpatched ones. Hence the NSA’s guidance that if you can’t patch your PHP website right away, you’re better off pulling it offline until you can.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Julie Bort is the Startups/Venture Desk editor for TechCrunch.
You can contact or verify outreach from Julie by emailing [email protected] or via @Julie188 on X.
Alphabet (GOOGL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street expects a year-over-year increase in earnings on higher revenues when Alphabet Inc. (GOOG - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $2.94 per share in its upcoming report, which represents a year-over-year change of +2.4%.
Revenues are expected to be $111.68 billion, up 27.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.51% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Alphabet?For Alphabet, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.61%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Alphabet will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Alphabet would post earnings of $2.88 per share when it actually produced earnings of $9.11, delivering a surprise of +216.32%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Alphabet doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Financial regulators in Europe are questioning Google after a cloud computing outage on Tuesday left millions of bank customers without access to key financial services for hours.
The European Banking Authority said that it has been in contact with Google Cloud to obtain further information on the incident, understand its implications and assess its potential impact on financial entities in the EU, a spokesperson for the watchdog told Reuters.
Alphabet's Google (GOOGL.O) said the disruption, which lasted several hours, was caused by a "power event" in a London-based network that serves customers across Europe. Revolut, Lloyds (LLOY.L) and HSBC (HSBA.L) were among the banks affected.
Lloyds and HSBC did not immediately respond to a request for comment.
A Google spokesperson said: "We have resolved a disruption to Google Cloud services at a third-party facility in our europe-west2 cloud region due to a power event. Services have been restored. We will update our public status dashboard with an analysis."
At Revolut, which has around 13 million UK customers, a wide range of services including logging in, card payments and cash withdrawals were affected on Tuesday, according to the bank's website.
Revolut said in a statement that it was reviewing the incident to reduce the impact of any future third-party disruptions, and that customer funds and data had remained safe throughout.
The outage is the first major test of new rules across Europe designed to strengthen the resilience of technology providers, including cloud firms, on which the financial sector depends.
The European Union last year designated 19 technology firms as critical third-party providers to the financial sector, bringing them under joint direct oversight of three financial regulators — including the EBA — for the first time. Britain took similar steps for four cloud providers, citing the risk that an outage at a major supplier could affect multiple financial firms at the same time. Google Cloud falls under both regulatory frameworks.
In Britain, parliament's Treasury Committee has written to the Bank of England and the Financial Conduct Authority (FCA), seeking details of the regulators' response to the outage on Tuesday, the scale of the disruption and any financial harm caused.
The FCA said it was engaging with Google over the incident. Under Britain's critical third party regime, designated providers like Google Cloud must report serious outages to the FCA and the BoE.
A spokesperson for the Bank of England declined to comment.
Under UK rules, banks ultimately are responsible for the services they provide to customers, including when they rely on third-party providers.
Sundar Pichai just confirmed Google Cloud is turning away customers, and he called the reason behind it non-negotiable. The admission sent Alphabet sliding while the rest of big tech climbed, leaving investors to guess how much revenue Google is actually…
Shares of Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) are sliding even while the NASADQ 100 is up 1% on Wednesday morning. The market is digesting an unusual admission from Google’s chief executive: Google Cloud is giving up revenue so the company’s frontier AI work keeps first claim on scarce computing power. Alphabet stock is down 2% to $331.83, a decline that puts a market price on that choice. That drop in GOOGL stock stands out as most of large-cap technology is moving higher.
The Technology Select Sector SPDR ETF (NYSEARCA:XLK) is rising 1% to $187.73. Mega-cap growth names are firm as well, with the Invesco QQQ Trust (NASDAQ:QQQ) up 1% to $726.22. Such a split ties the selling directly to Google’s own capacity story and to the comments its chief executive made about it.
Meanwhile, shares of Microsoft (NASDAQ:MSFT) are down 0.3% to $530.24, a fraction of the slide in Alphabet stock. Amazon (NASDAQ:AMZN) shares are down 0.5% to $261.31, another modest dip next to the heavier selling in Alphabet stock.
Pichai Puts DeepMind Ahead of Cloud Customers Google CEO Sundar Pichai described a deliberate choice. In an interview released on the Big Technology Podcast in the prior session, he said Google Cloud puts the company’s own research ahead of outside demand. “Our cloud business is at any given moment in time forgoing short-term revenues because we are making compute trade-offs to support frontier AI development,” he stated. Pichai added that giving Google DeepMind enough computing capacity is “non-negotiable.”
Fresh business is where the squeeze shows most clearly, since Pichai said taking on new customers requesting capacity for next year would be “incredibly difficult.” He didn’t say how much cloud revenue Google is giving up, which leaves the size of the trade-off undefined for anyone trying to model the unit and leaves Alphabet stock pricing a cost the market can’t yet measure.
Selling Stays Pinned on Alphabet as Tech Funds Rise Alphabet makes most of its revenue from search and YouTube advertising, with Google Cloud a smaller but faster-growing unit, while Microsoft leans on its Azure cloud and software subscriptions and Amazon pairs Amazon Web Services with online retail. For Alphabet, the constrained business is a key growth driver, which raises the stakes on any revenue Google Cloud leaves behind.
On the bullish side, Pichai is rationing Google Cloud capacity because requests exceed it, a sign that Alphabet’s cloud products are in heavy demand. The same compute crunch is lifting the power, cooling, and networking suppliers behind the data-center expansion, which we profiled in a free AI infrastructure report. Keeping Google DeepMind fully supplied also protects the frontier AI work the company treats as non-negotiable.
A harder reading holds that every customer Google Cloud can’t serve next year represents business that may go elsewhere. Without a figure from Pichai, the market has no way to separate a modest trade-off at Alphabet from a meaningful one. Uncertainty of that kind can weigh on a stock until management clarifies it, and Pichai’s comments offered no timeline for doing so.
Alphabet’s Next Report Becomes the Cloud Capacity Test Pichai’s remarks put the cost of the capacity trade-off in front of investors ahead of Alphabet’s upcoming Q3 2026 report, which turns it into a referendum on Google Cloud. What matters now is whether that report shows how much cloud revenue the trade-off is costing.
Pichai hasn’t specifically said when added capacity will reach outside Google Cloud customers. Hence, investors considering GOOGL stock exposure should adjust their holdings carefully.
Contact [email protected] for any questions or corrections.
Buy Microsoft (MSFT) as the execution beneficiary. If Alphabet’s cloud is pressured by AI resource tradeoffs and outages, enterprise buyers rotate workloads to more reliable hyperscalers. Microsoft’s Azure is the cleanest “same theme, better execution” alternative into the Alphabet earnings window. Key risk: Azure growth slows or Microsoft’s own AI/cloud costs pressure margins enough to negate the rotation benefit.
Key Risk: Azure growth or margins disappoint, removing the rotation tailwind.
GOOGL earnings setup
Sell Alphabet (GOOGL). The stock is down despite a rising Nasdaq because investors are already discounting strong AI/cloud, while capex is huge ($195B–$205B) and management warned AI can hurt cloud service in the short term. With a recent cloud outage and earnings on Oct 28, the near-term risk is another “spend up, margins down” guide that keeps the stock rangebound or lower even if revenue is fine. Key risk: Earnings guidance shows cloud demand is accelerating and AI capex is translating into improving margins/visibility, forcing a rerating higher.
Key Risk: Cloud growth and margins beat expectations despite higher AI capex, triggering a valuation rerating.
Alphabet GOOGL shares fell 2.2% to around $329 on Wednesday midday even as the broader US stock market moved higher, putting the Google parent under pressure ahead of its third-quarter earnings report scheduled for October 28.
The decline contrasted with a 1.15% gain in the technology-heavy Nasdaq Composite, while all three major US indexes traded in positive territory.
With Alphabet's results approaching, investors are weighing the company's growth prospects against the rising cost of its artificial intelligence investments amid heating competition.
KeyBanc analyst Justin Patterson on Monday maintained an Overweight rating on Alphabet but lowered his 12-month price target to $410 from $435.
The firm cited reduced earnings estimates for Google Services and a lower valuation multiple for the contribution of custom Tensor Processing Units (TPUs) to Google Cloud.
KeyBanc also cautioned that Wall Street's broader earnings expectations for Alphabet appeared too optimistic and suggested the stock could remain rangebound until estimates become more realistic.
However, KeyBanc remains bullish on the stock in the long run, much like most analysts.
Truist Securities reiterated its Buy rating and $420 price target on Wednesday, although the endorsement did little to support the shares during the session.
BMO Capital recently raised its price target to $480 while maintaining an Outperform rating, pointing to strong expectations for Google Cloud.
JPMorgan analyst Doug Anmuth also raised his price target to $425 from $420 on October 15, citing rapid growth in Google Cloud and strong enterprise demand for Google's custom TPUs.
Alphabet continues to benefit from demand for cloud computing and AI infrastructure, but analysts are also scrutinising how much of that growth is already reflected in its share price.
Alphabet expects capital expenditure of $195 billion-$205 billion this year, with a substantial portion directed toward expanding its AI infrastructure.
The scale of that spending has become an important consideration for investors as technology companies race to build data centres and computing capacity.
Google Cloud has delivered strong growth, with second-quarter revenue surging 82% to $24.8 billion. Its contracted backlog also reached nearly $514 billion, indicating substantial demand for future services.
However, CEO Sundar Pichai has acknowledged on the Big Technology Podcast that Google's AI ambitions can affect the cloud business's ability to serve customers in the short term.
"Our cloud business is at any given moment in time forgoing short-term revenues because we are making compute trade-offs to support frontier AI development."
The comments highlight the balancing act Alphabet faces as it allocates computing resources between developing advanced AI systems and meeting customer demand for cloud services.
Alphabet also faced questions following a power-related disruption at a Google Cloud data centre near London on Tuesday, which caused significant service failures affecting several UK banks.
Google said its cloud services experienced an outage "due to a power event".
Alphabet's October 28 earnings report will offer a closer look at cloud growth, AI-related spending and the financial outlook for its core services business.
Elon Musk just called one SpaceX product the fastest-growing he has ever seen, and he believes it could rewrite the company's entire revenue trajectory before 2028 arrives.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) founder Elon Musk is known for big claims. On the company’s third-quarter call on October 20, 2026, he made a new one about a product SpaceX launched in August: “On the Grokbot side, we’re seeing the fastest growth of a product that I’ve ever seen in my life. I’ve never seen anything grow this fast.”
Engagement grows over time, he added: “We’re seeing users use it more per week, not use it less.” Then came the line that links the product to SpaceX’s spending: “Grokbot may end up being what uses most of our superintelligence compute.” Sawyer Merritt clipped the remarks on X.
What Grok Bot Actually Does
Grok Bot is an always-on AI agent. A chatbot answers one question at a time. Grok Bot keeps working on multi-step tasks. SpaceX said companies treat it as “an always-on teammate” across sales, marketing, IT and engineering, and that business customers are its fastest-growing category.
SpaceX said Grok Bot had 800,000 paid weekly users earlier this month, more than doubling over the prior month. It expects wide enterprise deployment within a few weeks. SpaceX also said Grok Enterprise customers with more than $1 million in run-rate revenue, including Cursor, rose 50% quarter over quarter on a pro forma basis. Last week it combined Grok, Grok Bot, Cursor and X Premium into a single plan. Separately, a Dealroom report put Grok Bot at more than 418,000 weekly users a month after launch. That count tracks all weekly users, so it can’t be lined up against the paid figure.
How Grok Bot Feeds Musk’s $1 Trillion Math
Right after his Grok Bot comments, Elon Musk said “what this implies for SpaceX annual recurring revenue by the end of [2027] is somewhere between $500 billion and a trillion.” Keep three points in mind:
Musk’s $1 trillion is the top of the range, and it describes an annualized revenue run rate.
It is Musk’s own projection. The company has not issued it as guidance.
CFO Bret Johnson’s stated goal is $100 billion in annual recurring revenue by the end of this year, based on December revenue annualized.
SpaceX’s AI unit brought in $7.6 billion in third-quarter revenue, up 830% year over year. The company said that growth came “primarily” from cloud services agreements, meaning it rents out its computing power. Grok Bot gives SpaceX a way to earn recurring revenue from that expansion through its own product instead of relying only on rentals. That matters because capital spending reached $19.6 billion in the quarter, and SpaceX expects $35 to $40 billion in Q4.
Shares were up 8.26% premarket at $160. The move also reflects reports of merger talks with Tesla (NASDAQ:TSLA).
Rivals Are Racing to Build Agents
The Information reported in September that OpenAI is developing features to counter Grok Bot. OpenAI has also launched always-on agents of its own. Alphabet (NASDAQ:GOOGL) unit Google Cloud revealed persistent Gemini Agents for long-running tasks in early October, and Meta Platforms (NASDAQ:META) is working on its own assistants.
Three Signals That Would Prove Musk Right
Paid weekly users keep climbing from 800,000, as SpaceX reported.
The enterprise launch arrives on the schedule SpaceX promised.
Annualized December revenue reaches Johnson’s $100 billion goal.
If all three happen, the low end of Musk’s range starts to look more achievable. But keep in mind, Wall Street expects Fiscal 2028 revenue will hit $315 billion by the end of Fiscal 2028, so Musk’s math should be treated as extremely aspirational.
If the launch slips, or power limits hold back compute, Musk’s $1 trillion figure is the first one investors should mark down. Musk himself called power and cooling infrastructure “somewhat of a limiting factor.” That constraint is why the power, cooling, and networking suppliers behind the AI expansion keep showing up in our free report on seven AI infrastructure stocks that aren’t chipmakers.
Contact [email protected] for any questions or corrections.
New York, New York--(Newsfile Corp. - October 21, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Alphabet Inc. (NASDAQ: GOOG) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/alphabet-inc-goog-class_action_lawsuit.
Alphabet Case Details
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Gemini 3.5 Pro was delivering disappointing training results; as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and as a result of the foregoing, Defendants' positive statements about Alphabet's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.What's Next for Alphabet Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/alphabet-inc-goog-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Alphabet you have until December 1, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Alphabet Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Alphabet Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Source: Bronstein, Gewirtz & Grossman, LLC
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