Alphabet's Market Value Plummets $500 Billion Amid AI Concerns and Earnings Miss

10/29/2026

Alphabet stock fell 13% after earnings, putting nearly $500B in market value at risk as weak Google Search revenue and rising AI spending worried investors.

10/29/2026

Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI search summaries were affecting ad revenue.

10/29/2026

Shares in Google's parent company Alphabet have suffered their worst-ever day on the US stock market, falling more than 12% and knocking around half a trillion dollars off its value.

10/29/2026

Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.

10/29/2026

US stocks opened lower on Thursday as Alphabet shares plunged following disappointing earnings that revived AI spending concerns. Meanwhile, Eli Lilly rallied after raising its guidance.

10/29/2026

A global tech selloff erased nearly $600 billion in market value as Alphabet, ServiceNow and Fortinet slumped on earnings concerns, cautious outlooks and fears of AI-driven disruption.

10/29/2026

Alphabet sold off following a lackluster third-quarter financial report, raising questions on Wall Street about what's next for the tech giant as the artificial intelligence revolution continues.