Alphabet shares recovered modestly in after-hours trading, climbing to $327.80 (-4.18%) from the initial post-call trough of $326.05 (-4.69%). The market continues to digest the ~$205B FY2026 capex guidance, first negative FCF quarter, and 82% Cloud revenue growth. E0-014 verdict CORRECT confirmed by Kimi K3 and independently by GLM-5.2. The capex shock narrative is stabilizing but remains the dominant after-hours story.