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Wall Street Faces Turmoil as AI Hype Collapses, Costing Alphabet $500 Billion

AI News

Wall Street Faces Turmoil as AI Hype Collapses, Costing Alphabet $500 Billion

The AI Gold Rush Is Turning Into a Wall Street Bloodbath

Gizmodo

The AI Gold Rush Is Turning Into a Wall Street Bloodbath

Alphabet lost roughly $500 billion in market value as investors grow increasingly worried about Silicon Valley's massive AI spending spree.

Alphabet loses $500 billion in market value

Semafor Technology

Alphabet loses $500 billion in market value

Alphabet’s shares fell by 13%, erasing more than $500 billion in market value in the company’s worst single-day performance after it reported slowing search revenue growth.

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