AIReutersabout 2 hours ago
Alphabet Stock Slides 10.2% on AI Costs
3 min read
Alphabet shares slid 10.2% in premarket trading on Oct 29, putting the Google parent on track to lose more than $400 billion in market value. The drop followed disappointing search advertising results and a surge in cash burn as AI-related spending accelerated, reigniting investor fears about monetization timelines versus capital expenditure burn rates.
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