Economy · Mountain View, United States · United States of America · October 29, 2026

Alphabet loses record $500 billion after earnings

Reported by 5 outlets · first reported Oct 29, 4:15 PM ET

Alphabet fell nearly 13% in its worst day ever. Search and advertising sales disappointed investors worried about AI. Intel fell 21% on weak guidance. Amazon missed estimates.

Why it matters

Large tech share drops weigh on retirement funds and show investor doubt about AI's profits.

Background

Big tech firms are spending heavily on AI, and investors are watching whether it pays off.

Sources

• CNBC ↗Oct 29, 4:15 PM ET
• BBC Business ↗Oct 29, 6:17 PM ET
• Japan Times ↗Oct 29, 10:54 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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