A slowdown in cloud-computing sales dragged down Google’s revenue growth last quarter, knocking shares of parent company Alphabet. Its stock slid 7.5% ahead of the open. Read more:

CFO Anat Ashkenazi pinned the blame on the earnings call on being "capacity constrained" in the cloud, pointing to still strong demand. But investors aren't having it, opting to dump the stock and also voicing concern on $75 billion in capital expenditure plans for 2025 — well above whisper numbers into the quarter of around $60 billion.