Microsoft shares surge on bumper growth in cloud-computing unit as Alphabet stock drops on weak Google cloud results

Stock decliners:

Alphabet Inc.’s stock
GOOG,
+1.61%

GOOGL,
+1.69%
dropped 7% after the Google parent’s better-than-expected results were overshadowed by the relatively weak performance for the company’s Google Cloud platform.

SunPower Corp. shares
SPWR,

fell 9% after the solar-power company said it would have to restate some results as it overstated some inventory.

Shares of Texas Instruments Inc. were 5% lower after the company missed quarterly forecasts and guided to earnings below Wall Street estimates.

Teladoc Health Inc. shares
TDOC,
+0.61%
fell 7% after the virtual-care company reported a narrower-than-expected quarterly loss but revenue fell short of estimates.