Alphabet Stock Drop 500 Billion
Why it is trending in America today
Alphabet shares fall 12% on Thursday, erasing about $500 billion
Alphabet, Google's parent company, is trending after its shares fell more than 12% on Thursday, Oct. 29, erasing roughly half a trillion dollars in market value. The drop followed quarterly sales figures released on Wednesday that missed analysts' expectations.
The background
NEW YORK, Oct. 30 — Alphabet, the parent company of Google, saw its stock fall more than 12% on Thursday. It was the worst single day in the company's stock history, and it erased roughly half a trillion dollars in market value. Only Nvidia's slide of nearly $600 billion in early 2025 was larger.
Investors reacted to Wednesday's quarterly report. Revenue was $127.6 billion, up 25 percent, but fell short of the $127.9 billion analysts expected. Google Search revenue grew 12 percent to $63.4 billion, its slowest growth since 2023. Worries grew that people are shifting to AI chatbots instead of traditional search. Free cash flow also turned negative for a second straight quarter, while spending on AI data centers keeps rising.
Key facts
- Alphabet shares fell more than 12% on Thursday, Oct. 29.
- The drop erased roughly $500 billion in market value.
- Quarterly revenue of $127.6 billion missed the expected $127.9 billion.
- Google Search revenue grew 12% to $63.4 billion, the slowest rate since 2023.
- Free cash flow was negative for a second consecutive quarter.
What we don't know yet
It is not clear how long the share price will stay down or how investors will respond in coming weeks.
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Trend data
Alphabet Stock Drop 500 Billion started trending in the US on Oct 30, 12:40 AM EDT, reaching about 10K+ Google searches. 3 news outlets covered it in our feed, including CNN, Yahoo Finance, WSJ. The earliest report we found came from CNN at Oct 30, 12:40 AM EDT.