Alphabet shares record their worst day ever, shedding $500 billion in value
Alphabet’s revenue miss and heavy AI spending drove negative free cash flow of $9.07 billion, deepening investor worries about returns.
- On Thursday, Alphabet shares plummeted approximately 13%, erasing roughly $500 billion in market value after the company reported disappointing third-quarter earnings that marked its worst one-day stock drop in history.
- Alphabet reported negative free cash flow of $9.1 billion, driven by capital expenditures exceeding $51 billion as the company aggressively funds artificial intelligence infrastructure; management signaled spending will increase significantly in 2027.
- While total revenue of $127.6 billion missed the $128.2 billion estimate, Google Cloud revenue surged 103% to more than $30 billion, offering a bright spot amid broader earnings disappointment.
- The sell-off dragged major US indexes lower, with the Nasdaq falling 1.4% as investors reassessed AI spending risks, while construction giant Caterpillar plunged 9.2% reflecting broader industrial concerns.
- Alphabet has committed to more than $1 trillion in multiyear spending agreements, yet analysts warn the stock may face pressure until search revenue growth accelerates amid intense artificial intelligence competition.
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150 Articles
Alphabet, the parent company of Google, lost nearly $500 billion in market value in a single day after its shares plunged 12.6%. Investors are worried about...
U.S. stock indices ended in a negative bid on Thursday, and investors evaluated the status and corporate reports.
A historic drop for Alphabet’s stock drags the US market lower - WXXV News 25
By STAN CHOE NEW YORK (AP) — A historic drop for Alphabet’s stock dragged the U.S. market lower Thursday after the company behind Google and YouTube reported weaker growth for the summer than analysts expected. The report underscored worries about whether all its huge investments in artificial-intelligence technology will pay off. The S&P 500 fell 0.3% for its first loss...
My Mother Lode
The Seattle TimesHow major US stock indexes fared Thursday 10/29/2026
A historic drop for Alphabet’s stock dragged the U.S. stock market lower. The S&P 500 fell 0.3% Thursday, its first drop in four days. The loss came even though the majority of stocks within the index and across Wall Street rose. The Nasdaq composite tumbled 1.4%, and the Dow Jones Industrial Average fell 0.3%. Google’s parent company was the main reason for the losses, and had its worst drop on record after reporting weaker growth for the summe…
The Nasdaq technology lost 1.38%, the expanded S&P 500 index yielded 0.30% and the Dow Jones dropped 0.25%.
All three major New York stock indices fell as Alphabet's third-quarter earnings fell short of market expectations and concerns over AI investment grew. In particular, the plunge in Alphabet's stock price had a negative impact on technology stocks in general, and major semiconductor-related stocks, including the Philadelphia Semiconductor Index, closed lower in tandem.
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