Alphabet Market Cap Wipeout: Stock Sheds Nearly $500B

November, 2, 2026 – Alphabet stock plunged nearly 13% on October 29, 2026, wiping out approximately $475 billion in market value after the Google parent reported weaker-than-expected earnings and negative free cash flow. Rising artificial intelligence infrastructure costs, slower-than-expected search advertising growth and uncertainty over future spending intensified investor concerns. Alphabet, the parent company of … Continue reading Alphabet Market Cap Wipeout: Stock Sheds Nearly $500B