Google loses over $200 billion in market value; biggest single-day decline
Alphabet's stock plunged 8% following earnings that beat expectations but missed revenue targets. Concerns rose over significant AI spending amidst slowing cloud revenue growth. Alphabet's planned $75 billion capital expenditure in 2025 and competition from Chinese startup DeepSeek's efficient AI model amplified investor apprehension.
Alphabet's stock plunged 8% following earnings that beat expectations but missed revenue targets. Concerns rose over significant AI spending amidst slowing cloud revenue growth. Alphabet's planned $75 billion capital expenditure in 2025 and competition from Chinese startup DeepSeek's efficient AI model amplified investor apprehension.
