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Technology Summary

Google’s parent company Alphabet’s shares plunge 12.6%, loses almost $500 billion in market value

Alphabet shares plunged a record 12.64% on Thursday—wiping out $482 billion in market value—and fell another 0.42% in Friday pre-market trading, following quarterly earnings that fueled investor anxiety…

By Storywire Newsdesk Published
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Google’s parent company Alphabet’s shares plunge 12.6%, loses almost $500 billion in market value
Google’s parent company Alphabet’s shares plunge 12.6%, loses almost $500 billion in market value — image via The Hindu Technology feed — Credit: Storywire

Attributed summary

Alphabet shares plunged a record 12.64% on Thursday—wiping out $482 billion in market value—and fell another 0.42% in Friday pre-market trading, following quarterly earnings that fueled investor anxiety over whether massive AI investments will pay off.

Read the original report — The Hindu Technology

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