- Google Cloud added GPT-Astra, GPT-6.1 Sol and GPT-6 Luna to Model Garden in private preview, with purchases counting against existing cloud commitments.
- Alphabet fell 2.6% to $331.34 in morning trading against a prior close of $340.28, while the S&P 500 was essentially flat.
- KeyBanc lowered its Alphabet price target to $410 from $435 on October 19 and kept an Overweight rating.
- Q3 results are scheduled for October 28 after the close, with analysts expecting diluted EPS of $3.02 to $3.04 on revenue of $127.4 billion to $127.8 billion.
- Alphabet raised its 2026 capex guidance to $195 billion to $205 billion, and Q2 2026 free cash flow was negative.
- A securities class action alleges Alphabet misrepresented the development timeline for Gemini 3.5 Pro, with a December 1 lead plaintiff deadline.
Quotes
“Google can capture cloud spending even when customers choose another company's models.”
“Access remains limited to select enterprise customers during the preview.”