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Alphabet Stock Plunges After Disappointing Results, Loses Over $500 Billion in Market Value

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Insights by Echo AI

Alphabet's stock experienced a significant drop following its quarterly results, which showed a slowdown in advertising revenue and increased investment in AI. The stock fell by 12.64% to $283.82, leading to a loss of nearly $500 billion in market value, making it the second-largest one-day loss for a US-listed company. The results were well below market expectations, with net profit falling 25% year-over-year to $26.2 billion.

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  1. Nikkei avatar

    Nikkei

    X / Twitter / @nikkei

    アルファベット7〜9月25%減益 検索広告鈍化、AI投資増を嫌気し株8%安 https://t.co/esTO32arSY

  2. CNN Brasil avatar

    CNN Brasil

    X / Twitter / @CNNBrasil

    RT @CNNEconomia: Alphabet cai após receita abaixo das expectativas e m...

  3. Slashdot avatar

    Slashdot

    RSS / @rss.slashdot.org/Slashdot/slashdotMain

    Alphabet Heads For a $500 Billion Drop In Market Value Yesterday, Goog...

  4. Globo avatar

    Globo

    RSS / @oglobo.globo.com/rss/oglobo

    Alphabet perde mais de US$ 500 bilhões em valor de mercado após result...

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