According to CoinMeta, the stock of Google's parent company Alphabet fell by about 9% in after-hours trading on Wednesday due to its third-quarter financial report not meeting expectations, and rising infrastructure costs AI causing concerns among investors. Alphabet reported third-quarter revenue of $127.58 billion, a year-on-year increase of 25%, but slightly below analysts' forecast of $127.97 billion. Net revenue decreased from $34.98 billion in the same period last year to $26.17 billion, with earnings per share at $2.12, lower than Wall Street's expectation of $3.01. Despite a slowdown in advertising business growth, Google Cloud business achieved a year-on-year increase of 103%, with revenue reaching $30.7 billion. CEO Pichai also revealed that Google's Gemini AI application has reached 1 billion users. Alphabet Maintains its capital expenditure forecast for 2026 between $195 billion and $205 billion, but warns that investment spending will increase significantly in 2027.