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GgoogleGB first seen 5 h ago, last 5 h ago, peak #3

Alphabet loses $500 billion in historic stock drop

Original: alphabet stock drop 500 billion

Shares of Alphabet, Google's parent company, suffered their worst single-day drop on record, wiping out roughly $500 billion in market value. The plunge ranks among the largest one-day market-cap losses ever for a US company, and analysts are weighing what it signals about investor confidence in the tech giant's outlook amid intensifying competition in artificial intelligence.

Why now: The unprecedented scale of the loss, around $500 billion in one day, makes it a landmark moment for markets and Big Tech.

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