Alphabet's (GOOG, GOOGL) stock is dropping by over 7% in after-hours trading after reporting mixed fourth quarter earnings results, posting revenue of $96.47 billion which slightly missed estimates. Advanced Micro Devices (AMD) stock is now also dropping in extended hours, despite strong fourth quarter earnings. The chipmaker's data center revenue missed estimates, coming in at $3.9 billion (vs. estimates of $4.09 billion). Yahoo Finance tech editor Dan Howley joins Asking for a Trend to break down the two earnings reports, noting the main issues around Alphabet's cloud revenue miss and increase in CapEx spending.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch Related Videos 01:00 Disney earnings, Fed commentary, ADP data: What to Watch Yahoo Finance Video • 3 hours ago 02:49 Alphabet reverses ban on AI use for weapons, following Palantir Yahoo Finance Video • 3 hours ago 21:02 AI infrastructure, AMD and Alphabet Q4 earnings: Asking for a Trend Yahoo Finance Video • 4 hours ago 00:48 Lumen, Mattel, Match Group: After-Hours Earnings In Focus Yahoo Finance Video • 4 hours ago View Comments
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