US major indexes all opened lower; Google falls more than 11%

TechFlow reported on Oct. 29 that, according to Bitget market data, US stocks opened with the Dow down 0.45%, the S&P 500 down 0.5%, and the Nasdaq down 1.35%. Alphabet(GOOG.O) plunged 11.7%, weighing on AI software stocks, as its Q3 revenue missed expectations and cash burn intensified. Microsoft (MSFT.O) rose 0.5%, as the company reported cash flow performance far above expectations and forecast strong growth in its cloud business. Affected by Samsung Electronics' earnings, memory concept stocks fell broadly, with Micron Technology (MU.O) down 1.8%. Google fell more than 11%, wiping out over $400 billion in market cap; Lumentum rose more than 3%, and Marvell Technology fell more than 11%; Marvell Technology is reportedly in advanced talks to acquire optical components maker Lumentum.

Source: TechFlow