KeyBanc Capital Markets analysts Justin Patterson and Sergio Segura said Alphabet's AI search monetization is progressing slower than expected and could continue to pressure the stock in the near term. Google Services (including search) reported Q3 r

2026-10-29

KeyBanc Capital Markets analysts Justin Patterson and Sergio Segura said Alphabet's AI search monetization is progressing slower than expected and could continue to pressure the stock in the near term. Google Services (including search) reported Q3 revenue below expectations, which the analysts said confirms their pre-earnings concerns. They warned search revenue disappointed and could weigh on the shares for one to two quarters as investors wait to see whether the issue is temporary or structural. Alphabet shares were down more than 10% in pre-market trading.