Alphabet shares tumble 12%, wiping $460 billion off market value as AI spending spikes
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Alphabet shares dropped 12% on Thursday. This decline removed approximately $460 billion from the company's market value. Investors expressed concerns over high cash spending related to AI. They also noted a slower rate of ad monetization.
Alphabet’s stock fell 12% on Thursday, erasing about $460 billion in market value after investors flagged heavy AI‑related cash burn and slower ad monetisation.