Why Did Alphabet (GOOGL) Shares Fall After Its $500 Billion Value Wipeout?

Alphabet (NasdaqGS: GOOGL) shed about US$500b in market value after its Q3 update, with the stock falling over 12%. Management reported slower-than-expected trends in core search and advertising activity, which weighed heavily on investor sentiment. The group also disclosed substantial negative free cash flow tied to heavy AI and data center spending during the quarter. Fresh concern over the financial impact of Alphabet's historic US$500b market cap drop fits into broader themes this...

Read full article at source

Read Original Source