The multinational technology conglomerate and Google’s holding company Alphabet Inc. lost 5% this week, wiping out its nearly $20 billion market capitalization, according to stock market data.
As of February 7th, Alphabet’s market capitalization is $2.35 trillion compared to $2.5 trillion on February 1st, according to data collected from CompanyMarketCap.
Google-Parent Alphabet shares fell in New York after it announced its fourth quarter results on February 5th.
Results of the alphabet Q4
Tech company revenue from Google Cloud Business missed analyst estimates compared to analyst estimates of $12.17 billion, according to the Yahoo Finance Report.
The results showed that the company’s growth slowed in the crowd segment compared to market expectations, and that the large spending structure disrupts stock market investors as stocks fell on Wall Street.
According to the official results release, in the fourth quarter of 2024, revenue from Alphabet’s business rose 12% to $96.5 billion in the fourth quarter of 2024. The company also said its net income witnessed a 28% growth in the October-December quarter.
“Q4 was a strong quarter driven by AI leadership and business overall momentum. In an official statement, CEO Sundal Pichai said:
Alphabet sharing
Shares of Google’s holding company Alphabet Inc were trading at $191.08 lower than $191.08 in the pre-market session before the stock market opened on Friday. £$191.60 at the end of the previous market.
Alphabet’s shares lost just over 5% this week. However, stocks have earned more than 160% over the past five years and have given stock market investors more than 30% over the past year.
In 2025, the stock gave investors nearly 1.4% profit on their investments on a first-year (YTD) basis.
Disclaimer: The views and recommendations mentioned in this article are those of individual analysts. These do not represent a view of mint. We recommend that you check with your investor with a certified expert before making an investment decision.
