Alphabet loses US$692 billion in market value as AI questions rise
Investors are questioning Alphabet’s AI lead as talent departures, delayed Gemini models and $25 billion in new debt pressure the stock.
8 Articles
8 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = As the stock price of Google's parent company, Alphabet, fell nearly 15% from its all-time high last May, its market capitalization dropped to 6,000... in just over three months
Alphabet stock sheds $700B as AI bills climb
Alphabet’s stock is down more than 15% from its May peak, wiping out roughly $700 billion in value, as concerns rise over its mounting AI bills and failure to produce a decisive technological breakthrough.After leading the Magnificent 7 over much of the last 16 months, the tech giant is on shakier footing, having seen its top scientist depart, its brightest AI mind move to a different position, and delays to its newest Gemini model. But Google r…
Alphabet's impulse was reversed due to doubts about a talent leak in Google's matrix.
Wall Street opens up with the Nasdaq powered by Lamborghini's NvidiaCEO: "You don't buy a car from our brand because you need one, but because you want to make a dream come true"Alphabet's shares have fallen about 15% from their peak (last May 13 after shooting more than 150% in the previous 12 months), which has resulted in a loss of more than US$700 billion in market value and made it the main ballast for the S&P 500 in that period.
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
