Google Stock Dropped 12 Percent, But Its Cloud Backlog Hit $561B
Alphabet stumbled on Q3 earnings from equity losses, yet Google Cloud margins hit 36% with a massive $561B backlog.
Google Earnings, Jensen Targeted in Chinese Spy Plot, The Rise of Fake Wall St. Traders | Diet TBPN
With John Coogan, Jordi Hays, Tyler · Sunday, November 1, 2026
John Coogan and Jordi Hays break down Google's rare earnings miss, the monetization hurdles facing AI search, and its surging $561 billion cloud backlog. They examine reports of a Chinese spy operation targeting Nvidia CEO Jensen Huang to divert AI chips, and explore the rise of simulated prop trading scams.
Key takeaways
- Alphabet stock plunged 12.5% after an earnings stumble caused by an $8.7 billion paper loss on equity investments like SpaceX, lowering EPS by 55 cents. Read more →
- Google search advertising growth dropped from 17 percent down to 12 percent in a single quarter. Read more →
- American intelligence tracked Alice Wang, an executive at Singapore-based Mega Speed, after identifying her as a Chinese intelligence asset who built close ties with Nvidia CEO Jensen Huang. Read more →
3 articles from this episode
Google Search Ads Slow as AI Capex Hits 200 Billion
Google search ad growth fell to 12 percent while 2026 capex approaches $200 billion. Here is how AI summaries break traditional ad monetization.
How Chinese Intelligence Targeted Jensen Huang
American intelligence linked a Singapore executive to Beijing after she built ties with Nvidia CEO Jensen Huang to bypass chip bans.
More TBPN episodes
- $ANT, Yasmin 🐐, Sneaky Qwen, Samsung Controversy, IGTVNov 1 · 4 articles
- Pro and Tell, The Gurmanator Joins, New Google Models, Open Weight Demand, Joe's MonkeysNov 1 · 5 articles
- Technology Is Back, Gavin Baker Live, Math Solved Again, Anduril Laptop, DoorDash + InstacartNov 1 · 5 articles
- $1M Trading Cards Heist, Trevor Milton Returns, The Death Of Common Courtesy | Diet TBPNOct 25 · 1 articles