Alphabet Sheds Half a Trillion in Its Worst Day — SkimNews
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- Alphabet shed half a trillion dollars in market value in its worst stock day ever, leaving a trading metric at a level not seen in more than a decade.
- Alphabet saw Google shares hammered by AI spending fears, while its October wipeout reached $766 billion—the company’s worst month ever.
Why it matters: The $766 billion October decline shows that Alphabet’s damage extended beyond the half-trillion-dollar record session, making the full month the larger measure of the hit. For Alphabet shareholders, the result was a double record: the company’s worst day ever and its worst month ever, with AI spending fears named as the driver.
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