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Google value plunges by $500bn as AI fears rattle Wall Street
Google parent Alphabet lost just over $500bn (£374bn) in value on Thursday after it rattled Wall Street with its last update of the year on their business operations.
AI Summary
Alphabet’s market value fell by just over $500 billion (£374 billion) after its year‑end earnings report. The decline was triggered by the company’s disclosure that its new AI‑powered search summaries were reducing ad revenue. The announcement sent the stock to a six‑month low, prompting a sharp sell‑off from investors. No further details on future actions were provided in the report.
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