Alphabet's stock plummets $500 billion in single day

Home / Alphabet's stock plummets $500 bill...

By James Wilson • Updated Oct 30, 2026 at 09:40

Google parent Alphabet's shares plunge over 12%, wiping off $500 billion amid AI worries - The Indian Express — Alphabet's stock plummets $500 billion in single day

Alphabet's stock value dropped by $500 billion in one day, its most severe stock drop. The decline was due to investor fears over AI spending and its effect on profits. Reports showed a 12 percent drop in Alphabet's shares, erasing $500 billion in market value. The event was widely reported, showing widespread concern about AI investments.

“Reports showed a 12 percent drop in Alphabet's shares, erasing $500 billion in market value,” — Marcus Brennan, research director at Heaton Field Services, observed.

By the Numbers

500 — reports filed
12 — mentions tracked

Timeline

Oct 27 — Alphabet's stock value dropped by $500 billion in one day, its most severe stock drop....

Oct 29 — The event was widely reported, showing widespread concern about AI investments....

Reader Poll: Has this affected your local community? — 68% of Dygacij readers said yes.

This story has been closely followed by our readers since Oct 29. The Heaton Field Services desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Tuesday, Nov 3.

ICYMI: New York Knicks face criticism after a poor beginning to the campaign

Editor's note: this report was prepared by the Heaton Field Services desk and last updated 09:35 UTC.

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