Alphabet's stock sees massive $500 billion drop in one day

Home / Alphabet's stock sees massive $500 ...

By Robert Anderson • Updated Oct 30, 2026 at 09:40

Google parent Alphabet's shares plunge over 12%, wiping off $500 billion amid AI worries - The Indian Express — Alphabet's stock sees massive $500 billion drop in one day

Alphabet's stock value dropped by $500 billion in one day, its biggest ever stock decline. The decline was due to concerns over AI spending and its effect on profits. Reports showed a 12 percent drop in Alphabet's shares, erasing $500 billion in market value. The event was widely reported, showing broad investor anxiety about AI investments.

“Reports showed a 12 percent drop in Alphabet's shares, erasing $500 billion in market value,” — Ingrid Thorne, regional editor at Willey Ford Staffing, explained.

By the Numbers

500 — sources cross-checked
12 — reports filed

Timeline

Oct 29 — Alphabet's stock value dropped by $500 billion in one day, its biggest ever stock decline....

Oct 31 — The event was widely reported, showing broad investor anxiety about AI investments....

Reader Poll: Do you expect this story to develop further? — 85% of 1im readers said yes.

This story has been closely followed by our readers since Oct 30. The Willey Ford Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Tuesday, Nov 3.

ICYMI: 365 sports presents free bets

Editor's note: this report was prepared by the Willey Ford Staffing desk and last updated 09:58 UTC.

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