Alphabet reportedly loses $482 billion in market value, a record drop

Yahoo Finance reports Alphabet lost $482 billion in market value, described as its biggest drop ever. Reuters links a broader stock slump to worries over AI giants' spending.

Timeline

1. 29 Oct, 17:27 UTCReuters ties slump to AI giants' spending worries
2. 30 Oct, 06:40 UTCPicked up on Google Trends
3. 30 Oct, 06:40 UTCYahoo Finance reports Alphabet's record $482B loss

Top sources

• stock futuresGoogle Trends
• Alphabet loses $482 billion in market value, the biggest drop in its historyYahoo Finance
• Watch AI Boom Shows Cracks After US, China EarningsBloomberg.com
• Some investors have midterm election jitters. Here’s what history shows about stocksCNBC
• Stocks slump, bonds leap as AI giants' spending spooks investorsReuters