AI cloud stocks fell as Microsoft and Alphabet reported capital spending below Wall Street expectations: Microsoft reported $45.2 billion against a $50.7 billion consensus, and Alphabet reported $51.36 billion against $55.09 billion. Microsoft CFO Amy Hood said some expected third-party capacity deliveries were delayed, without naming a supplier, but still expects capital spending above $50 billion next quarter and about $170 billion for the calendar year. Because Microsoft buys computing capacity from providers such as Nebius and CoreWeave, the delays raise questions about how quickly their revenue will grow. Fastly (FSLY) fell 6% to $25.43, Oracle (ORCL) dropped 3% to $140.57 and Nebius (NBIS) dropped 3% to $177.56, while CoreWeave was roughly flat at $64. Hood said customer demand continues to exceed available supply.
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Related tickers and likely impact
MSFT
▼ Likely negativeMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 530.83 |
| Change that session | -0.09% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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