Alphabet loses over $750 billion in market value after Q3 earnings miss
Alphabet’s core advertising and consumer revenue showed early signs of slowdown as the company continued a $750 billion AI investment push, according to Bloomberg. The slowdown followed the company’s third-quarter earnings report, which posted $128 billion in revenue—a 25% year-over-year increase—but revealed a free-cash-flow deficit of about $9 billion and a sharp rise in AI-related capital expenditures. The results triggered a sell-off, with shares falling more than 12% and wiping out roughly $750 billion in market value, the steepest monthly decline for a U.
S. -listed firm.