Alphabet shares fall more than 12% after earnings, wiping out about $500 billion
Alphabet stock sank more than 12% on Thursday after its third-quarter results, erasing roughly half a trillion dollars in market value. Yahoo Finance said quarterly sales disappointed investors, while Microsoft held up better after its report. NBC News described it as Alphabet's worst day on record. Amazon then reported earnings pointing to higher AI spending, and its shares fell about 2% Friday.
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- CNN (cnn.com)
- Yahoo Finance (finance.yahoo.com)
- NBC News (nbcnews.com)
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