Thursday was a day that will live in infamy for Alphabet shareholders, as the stock plunged 12.6%, vaporizing more than half a trillion dollars in value.

Why it matters: The massive one-day loss shows how AI continues to cause violent bouts of uncertainty throughout the markets, even for giants like Alphabet that have been considered big winners of the AI buildout.

Catch up quick: Alphabet's plunge followed lackluster third-quarter results posted Wednesday afternoon that seemed to suddenly raise questions not only about the extent of the company's spending on AI, but also about the durability of its core search advertising business.

What they're saying: Alphabet faces \"unresolved if not intensifying competition risk from GenAI search products, including a potential Muse/Meta AI search product, as well as the threat of share loss to GenAI challengers,\" UBS analysts wrote in a note Thursday.

The bottom line: AI giveth and AI taketh away.

","freeContentEncoded","textContent","published","strategy","curl-ready","locked","deletedAt","isSyncedFromOwnBlog","original","duplicatesCount",0,"duplicateVersion","originalArticleId","errorsCount","appearance","color","backgroundColor","shortSummary","Alphabet's stock took a massive hit, wiping out billions in value. Investors are nervous about AI's impact on the company's future.","summary","Alphabet's stock experienced a significant one-day decline of 12.6%, resulting in the evaporation of over half a trillion dollars in market value. This plunge occurred after the release of lackluster third-quarter results, which raised concerns about the company's AI spending and the stability of its main search advertising business. Analysts pointed to intensifying competition risks from Generative AI search products as a major factor contributing to the stock's downturn.","bullets",[380,381,382,383],"persons",[],"places",[],"words",170,"sentiment",-4,"subject","economy","meta",{"_342":343,"_344":345,"_346":347},"eventId","b026e28a92e8c1fab77236eda397ea3ebadabb15842c73e3413a025822ad76cc","nostrRootEvent","event",{"_24":277,"_307":330,"_150":96,"_203":331,"_311":312,"_237":332,"_314":333},"authorNPub","markdown","Thursday was a day that will live in infamy for Alphabet shareholders, as the stock plunged 12.6%, vaporizing more than half a **trillion** dollars in value.\n\n**Why it matters:** The massive one-day loss shows how AI continues to cause violent bouts of uncertainty throughout the markets, even for giants like Alphabet that have been considered big winners of the AI buildout.\n\n**Catch up quick:** Alphabet's plunge followed lackluster third-quarter results posted Wednesday afternoon that seemed to suddenly raise questions not only about the extent of the company's spending on AI, but also about the durability of its core search advertising business.\n\n**What they're saying:** Alphabet faces \"unresolved if not intensifying competition risk from GenAI search products, including a potential Muse/Meta AI search product, as well as the threat of share loss to GenAI challengers,\" UBS analysts wrote in a note Thursday.\n\n**The bottom line:** AI giveth and AI taketh away.","freeMarkdown","kind1EventId","kind30023EventId","cc3f7774e95b079ff422534d223c3a29bf884d7ad7dd0696301bc05ccb00fe9b","kind30023",{"_24":287,"_307":308,"_150":309,"_203":310,"_311":312,"_237":313,"_314":315},"publishedToNostr","htmlContentKind30023","

Thursday was a day that will live in infamy for Alphabet shareholders, as the stock plunged 12.6%, vaporizing more than half a trillion dollars in value.

The bottom line: AI giveth and AI taketh away.

","pubDate",["D",1793355366000],"modifiedAt",["D",1793355366000],["D",1793375531716],["D",1793382447451],"storyId","01a18dec-7955-143c-71a1-07e24474483b","likes","zaps","comments","reposts","tweets",[],"sig","3ba21d6de0d015ba5936152777628c45fe55b2880bb2f5480f3d9648eef50f749b7391e93537c13a1fa6816a514f853d5d5647f7a82c0ca6a33cd2c699d57f06",30023,[316,317,318,319,320,321,322,323],"pubkey","a81a7ca9012c0794b5469398115d2c7a02b7833e21bb77fc19da7d4ae3f9bbd7","Alphabet's stock experienced a significant one-day decline of 12.6%, resulting in the evaporation of over half a trillion dollars in market value. This plunge occurred after the release of lackluster third-quarter results, which raised concerns about the company's AI spending and the stability of its main search advertising business. Analysts pointed to intensifying competition risks from Generative AI search products as a major factor contributing to the stock's downturn.\n - Alphabet's stock fell 12.6%, erasing more than $500 billion in value.\n - The drop followed disappointing third-quarter results.\n - Concerns were raised about Alphabet's AI spending and its core search advertising business.\n - Analysts highlighted competition risks from Generative AI search products.\nhttps://foxvector.com/articles/52fc19ad-6436-4b23-8ca4-ac05bcad05ac","created_at",1793355366,[328,329],[36,223],[326,327],[40,230],[325,218],[260,224],[324,48],[154,312,48],"client","d","published_at","1793355366","r","https://foxvector.com/articles/52fc19ad-6436-4b23-8ca4-ac05bcad05ac","71571703a193c627266221bbab083b8d80690ce57a81948d990caf564b1421e7cf53be819a4eb9ba69318125ace21ef68e27747964fcc2bdb525c67070fcc31e",[334,335,336,337,338],"Alphabet suffers a rough day for the ages\nIt huge one-day stock loss shows how AI continues to cause violent bouts of uncertainty throughout the markets.\n\n\nnostr:naddr1qvzqqqr4gupzp2q60j5sztq8jj65dyucz9wjc7szk7pnugdmwl7pnknaft3lnw7hqqjr2vnxvvcnjcty95mrgvek956xyv3n95uxxcf594skxvp4vf3kzepsx4skx56t2z7 ",1793375531,[272,223],[40,230],[339,340,48,341],[324,48],[154,312,48],"a","30023:a81a7ca9012c0794b5469398115d2c7a02b7833e21bb77fc19da7d4ae3f9bbd7:52fc19ad-6436-4b23-8ca4-ac05bcad05ac","mention","type","bee:get-index-of-articles","schedule",{"_24":348,"_47":-5,"_349":350,"_203":-5,"_351":352,"_353":96,"_354":347,"_355":12,"_152":92,"_272":48,"_356":-5,"_357":-5,"_358":-5,"_359":92,"_244":245,"_360":361,"_51":362,"_363":364,"_365":12,"_366":367,"_53":368,"_369":-5,"_370":92,"_205":171,"_371":372,"_373":-5,"_374":375,"_376":-5,"_377":101,"_378":-5,"_379":-5},"dataSourceUrl","https://www.axios.com/technology/automation-and-ai","48671145-d326-4931-8203-79b5066a3a71","npub","npub14qd8e2gp9srefd2xjwvpzhfv0gpt0qe7yxah0lqemf754cleh0ts5uqnwa","jobId","376988b3-137d-414b-8966-4f2375c741f1","order","rssUrl","system","userRef","xHandle","xUserId","autosign","syncedAt",["D",1775057998008],["D",1775057998008],"frequency","hourly","isOwnBlog","nextRunAt",["D",1793375498057],["D",1793353898636],"xUserName","autopublish","sourceVariant","rss","systemVariant","scheduleVariant","scraping-bee-stealth-proxy","retryArticlesIds","frequencyMultiplier","xUserProfilePicture","ownershipConfirmedAt","Alphabet's stock fell 12.6%, erasing more than $500 billion in value.","The drop followed disappointing third-quarter results.","Concerns were raised about Alphabet's AI spending and its core search advertising business.","Analysts highlighted competition risks from Generative AI search products.","userSubscription","theme","light","currentUser","currentUserVersion2","currentPath","/en-GB/articles/52fc19ad-6436-4b23-8ca4-ac05bcad05ac","customDomain","defaultLocale",[163,164,165,166,167,168],"domainPrimaryAccentColor","relays",[429,430,431,432,433,434,435,436,437,438],"plans",[414],[170,171],"isDomainOwner","userInterfaceLanguage","session",{"_200":-5,"_410":12,"_411":412,"_76":393},"locale","en-GB","sessionNpub","sessionPublicKey","hostname","syndicated","isAdmin","rights",{"_413":12},"owner",{"_24":415,"_416":417,"_38":418,"_419":420,"_421":422,"_423":424,"_425":251,"_426":92,"_51":427,"_53":428},"4503bcf3-ec1e-4216-8282-c16fabab0c38","name","Basic Plan","Stay informed with essential updates delivered straight to your inbox. ","price","0.00","currency","USD","billingInterval","monthly","trialDays","isActive",["D",1764765056591],["D",1764765056591],"wss://articles.layer3.news","wss://nostr.bitcoiner.social","wss://purplepag.es","wss://relaypag.es","wss://temp.iris.to","wss://nostr-01.yakihonne.com","wss://relay.nostr.net","wss://nos.lol","wss://relay.damus.io","wss://relay.primal.net"]