Google Cloud provides computing power and storage that underpin many online services, from websites and banking apps to email, and businesses lease this capacity rather than buying their own equipment. A technical failure affecting Google Cloud's London region, europe-west2, began at 7.08am on Tuesday, causing errors and sporadic failures that disrupt data exchanges; the cause had not been confirmed, and an update at 10.24am said the investigation was continuing. Revolut and Lloyds reported problems, DPD said it was experiencing difficulties, and Hitchin Town Football Club said its online ticketing had been knocked out, while Spotify, Etsy and Shopify had not confirmed any linked problems. Google Cloud has had earlier outages, in 2024 caused by a software update and in 2025 triggered by a power outage. Some businesses can reroute traffic to other Google data centres if one region goes down.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/19/2026 | 344.18 |
| Change that session | +1.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Internet down: Google Cloud outage leaves websites including Lloyds Bank, Rightmove and DPD not working
A major internet outage appears to have taken down many websites and apps, including Lloyds Bank, HSBC, Screwfix, DPD and internet bank Revolut, according to Down Detector. At least some of the problems seem linked to Google Cloud, where Google confirmed issues with multiple services at its west Europe facilities and said there was no workaround. The article notes it is unclear whether all the disruptions are related. It also points out that cloud infrastructure providers such as Google Cloud, Cloudflare and Amazon Web Services are largely invisible yet support much of the internet, so an outage at one can knock out many seemingly unrelated services.
- Google Cloud Outage Hits U.K. Banks
- Alphabet Offers the Most Compelling Blend of Asymmetric AI Upside and Safety Across the Magnificent 7
The author argues that Alphabet offers the best mix of AI upside and safety among the Magnificent 7, citing 950 million monthly active users for the Gemini app and Google Cloud revenue of $24.77 billion, up 82% year over year. Second-quarter revenue reached $119.80 billion, up 24.2%, with operating margin widening to 34%. The author considers the P/E of 15 generous because a $99.03 billion unrealized equity gain inflated recent net income, though the balance sheet is strong. The main risk named is spending: 2026 capex guidance of $175 billion to $185 billion pushed second-quarter free cash flow to negative $5.86 billion, long-term debt rose from $46.5 billion to $98.2 billion, and buybacks were suspended. The author says investors should watch whether Cloud growth and earnings consistency keep pace with the capex expansion.
- Alphabet Stock Slipped After Q2 Earnings. Here's What Investors Need to See in Q3.
Alphabet shares fell about 6% after its second-quarter report, despite revenue rising 24% to $119.8 billion and Google Cloud revenue jumping 82% to $24.8 billion. Investors are growing impatient with heavy AI spending and want evidence of returns, especially after Alphabet raised its full-year capex forecast by $15 billion to a range of $195 billion to $205 billion. Quarterly capex reached $44.9 billion, pushing free cash flow to negative $5.9 billion. The author says the third-quarter report on October 28 is an opportunity to prove the investments pay off, with two areas to watch: Google Cloud's growth and the custom TPU chip business, which began recognising direct chip sales revenue in the second quarter but does not report it separately.
- A $1.5 Trillion Anthropic IPO Still Pays Off for Google: “They’re Gonna Be Fine”
Commentators now expect Anthropic's IPO to value the company nearer $1.5 trillion than $2 trillion, after its revenue growth slowed to about 45% from the second quarter to the third. At $1.5 trillion, Alphabet's stake of about 12% would be worth about $180 billion, still more than the $132 billion Alphabet earned in 2025. Analysts expect Alphabet's EPS to grow from $10.81 in 2025 to $15.29 in 2027, and the stock trades at 25x forward earnings. The article's main concern is that slower Anthropic growth could mean less spending on Google's compute, since Anthropic buys computing power from Google Cloud and Amazon. The 12% figure is secondhand, as Anthropic has not yet released an S-1.
- Search Resilience and Cloud Growth Powers Alphabet’s (GOOGL) Resilience
Diamond Hill's Large Cap Strategy returned 3.18% net of fees in Q3 2026, outperforming the Russell 1000 Value Index's 2.61%. In its Q3 2026 investor letter, the fund said it had initiated a position in Alphabet (GOOGL), believing AI is strengthening its core search and advertising business and that Google Cloud has become a leading AI-infrastructure platform with attractive, profitable revenue growth. Alphabet closed at $340.59 on October 16, 2026, with a $4.15 trillion market capitalization, up 8.81% year to date and trading in a 52-week range of $244.15 to $408.61. At the end of Q2, 275 hedge fund portfolios held the stock, up from 265 in the prior quarter.
Related markets
Latest news
- Elon Musk Will Give Every Kid in America a Share of SpaceX
Elon Musk wrote on X on October 19, 2026 that he will give one SpaceX share to every child in America next year, calling it the first of many. About 72 million Americans are under 18, and Yahoo Finance valued the pledge at $10.5 billion using the October 16 close of $146.03; at Monday's $147.96 close, the value is about $10.65 billion. The announcement has no eligibility rules, delivery mechanism, tax treatment, or timing details, and Musk did not respond to a request for comment. SpaceX (SPCX) rose 1.32% on Monday to a $2.01 trillion market value, while second-quarter revenue of $7.814 billion beat the $6.819 billion consensus even though EPS was -$0.09. The article says the third-quarter report due October 20 will likely matter more to the stock than the pledge.
- Lloyds and Barclays among UK banks named in crypto transfer complaints, advocacy group says
Crypto advocacy group Stand With Crypto says 9,803 people filed 10,092 complaints with UK banks over limits on transfers to crypto platforms during a 90-day period from May to August 2026. Lloyds Banking Group received the most, at 2,297, followed by Barclays with 1,569 and NatWest Group with 1,278. Barclays and HSBC UK cap such transfers at 2,500 British pounds per transaction and 10,000 British pounds over 30 days, while six banks, including Starling Bank, TSB and Chase UK, ban them entirely. Lloyds and Revolut have no published restrictions, though Revolut’s support page says transfers to “some cryptocurrency exchanges” are unsupported, which Stand With Crypto attributes to a technical issue rather than policy. Zumo CEO Nick Jones warns the restrictions could undermine the UK’s crypto hub ambitions and notes that the 2027 regime does not cover access to business bank accounts.
- Why Tesla bull Cathie Wood thinks the stock is headed to $5,000
Ark Invest, led by Cathie Wood, sets a $4,400 base-case price target for Tesla (TSLA) looking out to 2031, with a $5,000 bull case and a $3,300 bear case, compared with a current share price of $366. The target reflects upbeat assumptions about robotaxis, humanoid robots and Terafab, and Ark now estimates robotaxis will make up about 80% of Tesla’s enterprise value in 2031, down from about 90% in 2029 in its 2024 model. Tesla unveiled its redesigned Roadster at SpaceX’s test site in McGregor, Texas, where the car flipped and jumped over Tesla vehicles; Musk said it can reach 60 mph in under a second and a top speed of 230 mph. Tesla said production will start in 2028, with deposits of $50,000 for the Performance version and $250,000 for the Thrust version. Ark also said a SpaceX-Tesla merger could happen within five years and estimated the combined companies could generate $3.8 trillion in revenue and $2.7 trillion in EBIT by 2031.
- BlackRock CEO Larry Fink Thinks a Data Center Moratorium Could Trigger a Recession. If He's Right, Here's What History Says to Do Next.
Gallup polling shows 71% of Americans oppose AI data centers in their area, with 48% strongly opposed and only 7% strongly supportive. BlackRock CEO Larry Fink warned on CNBC that a data center moratorium could push the U.S. into recession, since much of the economy relies on AI capital expenditure, which could exceed $1 trillion in 2027 and $5 trillion by 2030. The article cites Goldman Sachs research that nearly half of S&P 500 2026 earnings growth stems from AI-related investment, while real GDP grows about 2% a year. Citing Motley Fool research, it notes the S&P 500 gained in half of the recessions since 1980, often recovering before they ended, and concludes that staying invested in a diversified portfolio has historically been the strongest approach.
- Apple Now Trades at Twice Nvidia’s Forward P/E
Apple closed October 19 at $342.94, just below its 52-week high of $348.15, while NVIDIA closed at $217.09, about 11% under its peak of $243.37. The two companies are worth about $5.00 trillion and $5.24 trillion, but Apple trades at 37 times forward earnings versus 18 times for NVIDIA, roughly 2.1 times the multiple. Apple’s June-quarter revenue rose 16.36% against 105.85% for NVIDIA’s latest quarter, and analysts expect NVIDIA’s EPS to rise from 9.3124 this fiscal year to 15.9146 next year. Apple’s iPhone revenue grew 22% to $54.3 billion, but management guided September-quarter growth of 9% to 11% and gross margin pressure from memory costs. The author argues Apple carries more risk because its 37 multiple has more room to contract if growth slows, while NVIDIA’s discount reflects doubts about cloud spending, custom chips and China.
- Morning Minute: Nine Blue Chip Companies Say No to Tokenized Stocks
Nine issuers, including Verizon, Broadcom, UnitedHealth and CoreWeave, have objected to their shares trading on OKXICE, the tokenized stock venue run by OKX and ICE, which had planned to list 63 companies. The nine make up 14% of that planned roster, and the notice does not say why they objected or whether they will be kept off the venue. OKXICE trades around the clock through Uniswap v4 pools on OKX’s XLayer chain, settled in USDC and USDT, but it is not registered with the SEC and is not subject to Regulation NMS, which requires investors to receive the best displayed price. Nasdaq is also opting its own shares out, citing the lack of real-time best prices and consolidated tape reporting. The article says Robinhood, Kraken and Backed Finance are also affected by the objections.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.