Google stock price crashes and wipes $500 billion off company amid panic over AI
Alphabet's stock price dropped by 12%, erasing $500 billion in market value following disappointing earnings and investor anxiety regarding AI spending. While cloud revenue doubled, investors remain skeptical about the profitability of integrating AI into the core search advertising business.
Why it matters
This historic market crash reflects growing investor skepticism regarding the immediate return on investment for massive capital expenditures in artificial intelligence.
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Google ’s share price has dramatically plunged amid a panic over AI .
Parent company Alphabet finished Thursday down more than 12 per cent, wiping $500 billion from its value. It represents the biggest ever crash in Google’s history, and second only among US listed companies to a $593 billion plunge in Nvidia’s value last year, after the rise of China’s DeepSeek AI brought concerns that US artificial intelligence companies could lose the race.
Headlinne story · 8 newsrooms
Alphabet Shares Plunge 12 Percent as Artificial Intelligence Costs Hurt Cash Flow
What every outlet reported, where they differ, and how each framed it →
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