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Alphabet Shares Fall 12% After AI Mode Earnings | ByteBrief

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AIThe Next Webabout 1 hour ago

Alphabet Shares Fall 12% After AI Mode Earnings

3 min read

Alphabet shares dropped 12% on Thursday, erasing $511bn in market value, marking the company's biggest loss since its 2004 listing. Google Search revenue rose 12% to $63.35bn, yet total revenue of $127.6bn missed forecasts due to heavy AI data center spending.

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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)

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