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Alphabet stock plunged 12.6% on Thursday, vaporizing more than half a trillion dollars in value. This drop followed lackluster third-quarter results posted Wednesday afternoon that raised questions about the company's spending on AI and the durability of its core search advertising business.
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Summary by ByteBrief

Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)
Alphabet Shares Plunge $524 Billion
Alphabet Shares Plummet 10% in Premarket