00:00Alphabet suffered its worst trading day since going public with shares plunging 12.6 percent
00:06on Thursday and wiping out approximately $482 billion in market value. The sell-off followed
00:13slower-than-expected Google search growth, which rose 12 percent in the third quarter to $63.35
00:20billion, below analysts' expectations. Bank of America now values Google's search business at
00:26roughly 10 times earnings, below the 13 times multiple assigned to the energy sector. Meanwhile,
00:33Google Cloud revenue has more than doubled, but Alphabet's $51.4 billion in quarterly capital
00:39expenditures and negative $9.1 billion in free cash flow are raising questions about whether
00:46its massive AI investments will pay off.
