Google value plunges by $500B as AI fears rattle Wall Street
Alphabet shares fell about 12–13% on Thursday, wiping roughly $500 billion off the Google parent’s market value in its worst day on record. The sell-off followed a third-quarter report in which revenue of $127.6 billion missed expectations, Search growth slowed to 12%, and AI infrastructure spending pushed free cash flow to negative $9.1 billion. The scale of the drop matters because it shows Wall Street questioning whether the huge AI build-out will pay off fast enough to sustain the core search business funding it.
SOURCES
- Hacker News (AI)2026-10-29 22:22