Alphabet loses US$692 billion in market value as AI questions rise

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…

Magnificent no more: Why investors have been fleeing Meta and Alphabet stock

Nicolas Economou/NurPhoto via Getty ImagesAlphabet and Meta are weathering steep declines from their record highs.Alphabet has shed over $600B in market cap since May, while Meta has lost over $500B in the last year.Investors are concerned about AI capex and a variety of company-specific issues.The Magnificent Seven may not be the dominant engine of stock gains that they once were, but it's stark just how sharply some of their fortunes have dive…

Alphabet loses US$692 billion in market value as AI questions rise

For much of the last year, Alphabet Inc. has been the Big Tech stock to beat as investors bet that it was the most-likely AI winner. Read on

Alphabet loses $700 billion in market value as AI questions rise

For much of the last year, Alphabet Inc. has been the Big Tech stock to beat as investors bet that it was the most-likely winner from the artificial intelligence boom.