EventBusinessOctober 30, 2026

Alphabet sheds record $500B as AI Mode dents Search revenue

Read original source →nbcnews.com

Alphabet shares fell 12.6% Thursday, its worst one-day drop ever, wiping out $500 billion in market value — the second-largest single-day wipeout in U.S. history after Nvidia's $589 billion in January 2025. SVP Philipp Schindler said AI Mode's "lower monetization" hurt search ad revenue.

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2 days · 6 reports · 1 community post · from Oct 28

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