On October 29, analysts Justin Patterson and Sergio Segura of KeyBanc Capital Markets weighed in, noting that Alphabet's progress in monetizing its AI-driven search engine has not lived up to expectations. They cautioned that this shortfall might continue to weigh on the company's stock price in the near term. According to their report, Alphabet's Google Services division—which encompasses search services—failed to achieve the market's anticipated revenue figures for the third quarter. This outcome validated the concerns analysts had voiced prior to the earnings announcement. The analysts highlighted that the underperformance in search revenue could persist in dragging down the stock price over the next one to two quarters. During this period, investors will be closely watching to determine whether the issue is a temporary setback or indicative of a more fundamental, structural problem. Consequently, Alphabet's stock price plummeted by over 10% in pre-market trading.