EventBusinessOctober 30, 2026

Alphabet sheds record $500B as AI Mode dents search ad 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 loss in U.S. market history after Nvidia's $589 billion in January 2025. SVP Philipp Schindler said Google's own "AI Mode" search feature produced fewer ads, with JPMorgan calling the search slowdown "steeper than expected."

People · Philipp Schindler

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2 days · 7 reports · 1 community post · from Oct 28

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