BUZZ-Alphabet's third quarter results fall short of expectations, Neocloud-related companies see stock declines

October 29 - ** Due to Alphabet GOOGL.O's third quarter revenue (link) missing expectations, US cloud company shares fell in pre-market trading

** Nebius NBIS.O fell 6.3%, CoreWeave CRWV.O dropped 5.6%, IREN IREN.O slipped 4.4%; GOOGL fell 10.2% in pre-market

** Weaker search ad business and rising AI costs resulted in GOOGL's third quarter revenue missing estimates and increased cash outflows

** Roundhill Neocloud ETF (NCLD.O) fell 4.9%

** As of the previous trading day's close, NBIS shares have more than doubled so far this year, while CRWV and IREN have fallen 10.7% and 23.6% respectively

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