Alphabet, Google's parent company, lost more than $500 billion in market value in a single day as its shares fell more than 12%, their worst-ever day on the U.S. stock market. NBC News reported on big tech spending and AI's impact on the job market amid fears of an AI bubble.
WHO:
Alphabet
WHAT:
Alphabet shares fell more than 12% in a single day, erasing more than $500 billion in market value.
WHEN:
Reported Oct 29, 2026 at 10:38 PM ET
WHERE:
USA
WHY:
The reason for the share-price drop was not reported.
How this story developed (showing 4 of 4 earlier reports)
