Rule Breakers recommended Alphabet on June 9, 2022, at a split-adjusted $113.75. Even after that drop, the stock has gained more than 150% from that price and remains comfortably ahead of the S&P 500. Across Motley Fool services, Team Rule Breakers and Team Hidden Gems have recommended it many times since.

Shares of Google parent company Alphabet sank by as much as 15.8%, on course for the company’s worst single-day drop in history.

Stocks declined as a revenue shortfall from the Google parent caused one of the largest one-session market capitalization drops for a single company on record, feeding doubts about the payoff from artificial-intelligence infrastructure spending.

Investors balked at Alphabet pouring $51.4 billion into capital expenditures, like buying data centers and ramping power capacity, in just three months.

Google reported third-quarter revenue and profit that missed analyst estimates as its core search business grew more slowly than expected while boosting its spending on AI again to surpass $50bn.

Plus, the DOJ expanded its criminal investigation into the Alaska Senate race, and the U.S. national debt reached 100% of GDP.

Mad Money' host Jim Cramer discusses the recent slate of Big Tech earnings and his takeaways from Alphabet, Amazon and Microsoft.

Alphabet's free cash flow came in at negative $9.1 billion as capital spending hit $51.4 billion, and search missed estimates. Eric Bleeker weighs that against Google Cloud's 103% growth and why the Microsoft playbook could still reward long-term investors.