Alphabet shares were down about 13% during trading on Wall Street Thursday, as investors focused on the company's expense and free cash flow figures in its third-quarter earnings report. If Alphabet stock ends Thursday's trade down more than 9.77%, it will be the stock's worst performance following the financial results announcement since the company went public in 2004. Alphabet posted negative free cash flow of $9.07 billion during the third quarter, a much larger drop than analysts' expectations of $2.70 billion. However, Google's parent company maintained its full-year capital spending forecast, which ranged from $195 billion to $205 billion. The business results report comes at a time when investors are scrutinizing the spending plans of technology companies on artificial intelligence, focusing on the expected returns from these investments.

Alphabet shares were down about 13% during trading on Wall Street Thursday, as investors focused on the company's expense and free cash flow figures in its third-quarter earnings report. If Alphabet stock ends Thursday's trade down more than 9.77%, it will be the stock's worst performance following the financial results announcement since the company went public in 2004. Alphabet posted negative free cash flow of $9.07 billion during the third quarter, a much larger drop than analysts' expectations of $2.70 billion. However, Google's parent company maintained its full-year capital spending forecast, which ranged from $195 billion to $205 billion. The business results report comes at a time when investors are scrutinizing the spending plans of technology companies on artificial intelligence, focusing on the expected returns from these investments.