Alphabet stock plunge wiped more than $464 billion off Google's parent company in its steepest one-day fall on record. Alphabet shares fell around 12 percent on Thursday, October 29, after disappointing search advertising results and negative free cash flow of more than $9 billion, even as the company kept its huge artificial intelligence spending plans intact. The tech-heavy Nasdaq fell more than 1 percent as investors questioned whether the AI spending boom is delivering returns fast enough.
Sources: Reuters, October 29, 2026.
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