Google parent Alphabet lost nearly $500 billion in market cap this week after Q3 earnings miss; CNBC contributor Mike Khouw suggests options strategy
Google parent Alphabet (GOOGL) lost nearly $500 billion in market cap this week, with its stock falling over 12% to $285 following its Q3 2026 earnings report. The market reacted to an EPS miss ($2.12 vs. $3.02 estimate) and negative free cash flow due to AI capital expenditures, despite a 103% surge in Cloud revenue. CNBC contributor Mike Khouw suggests a short strangle options strategy, anticipating the stock will trade between $250 and $325 over the next 30 days.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
-
2
Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
-
3
Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
-
4
Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
-
5
South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
-
6
Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
-
7
The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
-
8
China's AI stock bubble has burst, with $340 billion in market cap losses
-
9
CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
-
10
SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
Markets Today
Recommended Reading


