BusinessPhoto: Hindu BusinessAlphabet Shares Plunge 12.6% on AI Investment Concerns
Shares of Google parent Alphabet fell 12.64% to $283.82 on Nasdaq on October 29, 2026, wiping out about $482 billion in market value—the worst single-day drop since 2004. The decline continued slightly in pre-market trading on October 30. The sell-off followed quarterly results that raised doubts about returns from Alphabet's heavy AI investments amid broader tech sector concerns.
Hindu Business··Chennai



