Alphabet’s market value plunged by about $510 billion after the company reported that third-quarter profit fell 25%. The decline followed its disclosure that Google’s AI search features were weighing on advertising sales; the stock also hit a six-month low.
WHO:
Alphabet
WHAT:
Alphabet’s market value plunged by about $510 billion after the company reported a 25% fall in third-quarter profit.
WHEN:
Reported Oct 30, 2026 at 8:07 AM ET
WHERE:
USA
WHY:
The market decline followed Alphabet’s report of lower third-quarter profit and its disclosure that Google’s AI search features were affecting advertising sales.
How this story developed (showing 3 of 3 earlier reports)
