Alphabet's stock fell nearly 13% following its third quarter earnings report, wiping out $475 billion in market value in a single trading session—the company's worst day since going public. The decline reflects investor concerns that AI-powered search alternatives and are threatening Google's core search business and revenue model.
October proved even more brutal, with the stock losing approximately $766 billion across the month, marking Alphabet's worst month on record. The sharp selloff raises questions about whether Wall Street's bearish outlook on AI's threat to Google's dominance is justified or an overreaction.
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