# Cramer's market watch: tech stumbles, earnings roll on

> Alphabet's earnings miss sends tech lower as Microsoft steadies the ship and earnings season continues with Amazon and Intel tonight.
- Title: Cramer's market watch: tech stumbles, earnings roll on · CNBC
- Summary: Alphabet's earnings miss sends tech lower as Microsoft steadies the ship and earnings season continues with Amazon and Intel tonight. Alphabet shares fell…
- Keywords: alphabet, microsoft, tech earnings, stock market, amazon, intel, jim cramer, business, finance, Cramer's, market, watch
- Source: CNBC — https://cnbc.com/investingclub/2026/10/29/jim-cramers-top-10-things-to-watch-in-the-stock-market-thursday.html
- Author: Jim Cramer
- Published: 2026-10-29T13:13:08+00:00
- Read time: 2 min
- Topics: alphabet, microsoft, tech earnings, stock market, amazon, intel, jim cramer, business, finance
## Tech takes a hit on Alphabet's miss
Alphabet shares fell more than eleven percent after a terrible earnings night. Microsoft shares rose three percent but failed to stop sellers. Caterpillar and ServiceNow also fell sharply this morning.
## Alphabet's search problem deepens
Alphabet missed on almost every line except Google Cloud. Search growth slowed year-over-year and was flat sequentially. AI mode monetizes at a lower rate than traditional Google Search.
## Microsoft delivers solid quarter
Microsoft posted accelerating growth, excellent margins, and positive free cash flow. Azure growth accelerated to forty-eight percent year over year, exceeding analyst expectations and management guidance of about forty-five percent.
## Marvell in talks to buy Lumentum
Marvell shares fell eleven point five percent on reports the chip company is in advanced talks to buy optical and laser provider Lumentum.Lumentum shares rose six percent.
## Memory stocks mixed after Samsung stumbles
Samsung dropped four percent after dashing hopes for a big buyback and giving a conservative forecast.SK Hynix is giving back some of yesterday's more than thirteen percent gain.
## Fortinet plunges on earnings miss
Cybersecurity vendor Fortinet plunged twenty-seven percent premarket after disappointing earnings and concerns about decelerating product growth. Shares had more than doubled this year, so expectations were lofty.
## Eli Lilly soars on GLP-1 strength
Eli Lilly shares rose four percent to a new all-time high after beating on revenue and earnings. Mounjaro and Zepbound drove results. The company hiked full-year sales outlook. International GLP-one business stayed hot.
## Linde posts solid quarter, eyes ahead
Industrial gas giant Linde beat on top and bottom line with volume growth across all geographies. Electronics end market rose fifteen percent year over year, benefiting from a boom in semiconductor manufacturing.
## Chipotle rebounds on sales growth
Chipotle rose more than eight percent as quarterly same-store sales growth of two point one percent beat estimates. CEO Scott Boatwright said the company's Recipe for Growth strategy is working. Starbucks reports earnings tonight.

> Three consecutive quarters of positive comparable transaction growth demonstrates that our Recipe for Growth strategy is working.
## Key takeaway

Alphabet shares fell more than eleven percent after missing earnings targets, dragging down the tech sector, while Microsoft's stronger quarter and positive economic data offered some support.