QUICK SPARK: Alphabet Stock Eyes Worst Day in Company's History, Wipes Out $500 Billion in Value
Alphabet stock fell nearly 13% Thursday, on track for its worst day since its 2004 listing, as surging AI spending overshadowed doubling cloud sales.
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Why It Matters
Alphabet's stock dropped a lot in one day, losing big value. Even though their cloud business is doing well, investors worry about rising costs from AI development.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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