U.S. technology stocks diverged in premarket trading: Microsoft rose about 2.8% after fiscal first-quarter results beat expectations, with earnings of $4.89 per share on revenue of $92.28 billion and Azure revenue up 48%. Alphabet fell more than 10% after third-quarter EPS of $2.12 missed the $3.02 consensus, though revenue rose 25% to $127.6 billion, and Google search ad revenue grew at its slowest pace in five quarters. Software stocks also tumbled after weak results from Fortinet (down around 25%) and ServiceNow (down 18.1%), intensifying concerns that AI models could disrupt traditional software business models. Marvell fell 9.5% after Bloomberg reported it was in advanced talks to acquire Lumentum, while Caterpillar dropped 9.7% despite a sharp rise in third-quarter profit.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
MSFT
▲ Likely positiveMicrosoft
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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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