Alphabet Inc. (NASDAQ: GOOGL, GOOG) is facing a legal challenge as investors have until December 1, 2026, to seek a lead plaintiff role in a securities class action lawsuit. The lawsuit was filed on behalf of investors who purchased Alphabet securities between May 19, 2026, and July 16, 2026. The firm Kaplan Fox & Kilsheimer LLP is urging affected investors to contact them before the deadline.
Meanwhile, Alphabet is set to report its third-quarter 2026 earnings on October 28. Analysts expect earnings of $2.94 per share, indicating a 2.44% year-over-year growth. RBC Capital maintained a Buy rating on Alphabet Class A shares with a price target of $425.00.
The broader market is also focusing on AI trade, with earnings from hyperscalers like Alphabet, Microsoft, and Amazon in the spotlight. Investors are watching for signs of a data-centre backlash, as nearly 70% of Democratic registered voters support limits on building data centres.
In other tech news, SpaceX reported a strong third quarter with revenue jumping 161% year over year, driven by growth in its AI business and satellite internet operations. The company's shares climbed about 8-9% following the earnings release.